Sell after a double correction in USDCAD

Seems like the pair has reached a top at least for the short term, so we are looking to short it.

Technical Overview:
H4 – Bearish divergence

H1 – Pair has started the initial move confirmed by the H4 divergence. Now we should wait for a double wave correction and than consider a sell.

Entry:
Wait for the double wave correction up on the H1 chart before selling.
Target 1: 1.1875
Target 2: D1 20 MA
Stop Loss: 1.2010

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.