USDcad Shorting

Hi Everyone
Our Buy Stop For EURusd was not taking yesterday but we are still in the trade please refer to the post we made yesterday .
Today The Forex Mechanics are going short on USDcad

Sell Stop                             1.29665
Take Profit                          1.29319

That is about 39 Pips . However if our S.S is taking we will take the first 10 Pips and trail the remaining.
We should let you know that this is not a recommendation for you to trade as you already know this is just for you to know what we are doing behind the closed door.

Let Us Analyze The Trade Together

The upper Trend Line is the Logical Area of Resistance and you will see that prices have always been turning back on getting to that upper Trend Line for a very long time. This time the price got to that level and turned back again ,so what do you think is going to happen ?
The Forex Mechanics think it will get to the Level of next Support before it decides on what to do next. and that is the White Line . That Price Level is 1.28974 . We don't know what will happen when it gets to that Support Level but the likelihood is that the price will get to the White Line.
And the probability is 80/20  profit to loss ratio.
By the way the analysis is based on Daily Time Frame


The Forex Mechanics are wishing you well