USDCAD ANALYSIS 2.0
🚨 Trade Alert: USDCAD Bearish Flag Formation 🚨
We have identified a bearish setup in USDCAD, characterized by the following:
Bearish Flag Pattern: Indicates a continuation of the downtrend.
No Bullish Divergence: Supporting the continuation of the bearish trend.
Entry Point:
Short: At the current market price (CMP)
Target Prices (TP):
TP 1: [Specify target price based on 1:1 risk-reward ratio]
TP 2: [Specify target price based on 1:2 risk-reward ratio]
Stop Loss (SL):
SL: At the recent high or the pole breakout level to manage risk
Trade Summary:
Short: At CMP
TP 1: [Target price based on 1:1 risk-reward ratio]
TP 2: [Target price based on 1:2 risk-reward ratio]
SL: At the recent high or pole breakout level
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊
We have identified a bearish setup in USDCAD, characterized by the following:
Bearish Flag Pattern: Indicates a continuation of the downtrend.
No Bullish Divergence: Supporting the continuation of the bearish trend.
Entry Point:
Short: At the current market price (CMP)
Target Prices (TP):
TP 1: [Specify target price based on 1:1 risk-reward ratio]
TP 2: [Specify target price based on 1:2 risk-reward ratio]
Stop Loss (SL):
SL: At the recent high or the pole breakout level to manage risk
Trade Summary:
Short: At CMP
TP 1: [Target price based on 1:1 risk-reward ratio]
TP 2: [Target price based on 1:2 risk-reward ratio]
SL: At the recent high or pole breakout level
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊
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.