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U.S. Dollar / Canadian Dollar

Sell USDCAD

By mzosama
Updated
Timeline: 15 min chart
Entry: 1.3006
Size: 1 lot
Stop loss: 1.30158
Comment
Entry: 1.30006 (not 1.3006)
Comment
Stop loss reduced from 1.30158 to 1.29902
Comment
Stop-loss reduced from 1.29902 to 1.29742.
Comment
Take profit set to 1.28616.
Comment
Stop-loss reduced from 1.29742 to 1.29632.

It seems that the downward trend is fading away as LHs are forming at 1.28616.
Comment
Trend Reversal was spotted after the downfall rally.
First LH: 1.29056
Second LH: 1.29083
Third LH: 1.29136
Comment
Stop-loss reduced from 1.29632 to 1.29463
Trade closed manually
15-min resistance line breached. Trade closed manually.
Entry Price: 1.30006
Target Price: 1.28616
Closed Price: 1.29339
Profit earned $515.70

Thank you for following :)
Trend Analysis
mzosama

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