USDCAD SHORT TRADE
Trend following trade From the daily resistance, the market has recently broken the support zone of 1.3425-1.3489 on the daily chart, which has now become our resistance. Currently, the market price is at this resistance. When we examined the hourly chart, we noticed a double top formation with the neckline breaking below. Now, we are waiting for a retest for the trade.
Entry: 1.3475
Stop loss: 1.3507
Targets: 1.3436 & 1.3403
Trend following trade From the daily resistance, the market has recently broken the support zone of 1.3425-1.3489 on the daily chart, which has now become our resistance. Currently, the market price is at this resistance. When we examined the hourly chart, we noticed a double top formation with the neckline breaking below. Now, we are waiting for a retest for the trade.
Entry: 1.3475
Stop loss: 1.3507
Targets: 1.3436 & 1.3403
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