POSSIBLE SHORT TERM SELLS ON USDCAD
REASONS FOR THIS TRADE;
- STRONG BEARISH CONTINUATION ON HIGHER TIMEFRAMES.
- ON LOWER TIMEFRAMES, FORMING A POSSIBLE TRIPLE TOP. HENCE, POSSIBILITY OF BREAKING BELOW THE NECKLINE (1.24850)
- IF NECKINLINE IS BROKEN THEN THE TARGET IS 1.23600
- RISK TO REWARD RATIO IS 1:2
- RISKING 1% OF CAPITAL
- STRONG BEARISH CONTINUATION ON HIGHER TIMEFRAMES.
- ON LOWER TIMEFRAMES, FORMING A POSSIBLE TRIPLE TOP. HENCE, POSSIBILITY OF BREAKING BELOW THE NECKLINE (1.24850)
- IF NECKINLINE IS BROKEN THEN THE TARGET IS 1.23600
- RISK TO REWARD RATIO IS 1:2
- RISKING 1% OF CAPITAL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.