Short on USDCAD
Updated
Short on USDCAD
Avg. Canadian Bank Forecasts are bearish towards 0.26000
Currently in resistance zone, almost touching previous major daily high
I am shorting USDCAD with 3 scenarios:
#1: Straight down to support zone
#2: Down to support zone with retracements
#3: Down towards support zone with pullback hitting lots of stop losses and then down to support zone with retracements
Beware of the pullback while setting your stop-loss.
Avg. Canadian Bank Forecasts are bearish towards 0.26000
Currently in resistance zone, almost touching previous major daily high
I am shorting USDCAD with 3 scenarios:
#1: Straight down to support zone
#2: Down to support zone with retracements
#3: Down towards support zone with pullback hitting lots of stop losses and then down to support zone with retracements
Beware of the pullback while setting your stop-loss.
Trade active
Conservative Take Profit @ 1.29100Aggresive Take Profit @ 1.27900
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.