Just entered a bearish position on USD/CAD at 1.4350 with clear technical alignment. Price reached our sell zone after recent rejection from higher levels.
Trade Details:
Entry: 1.4350 (sell zone)
Stop Loss: 1.4420 (above recent swing high)
Take Profit 1: 1.4260 (previous support)
Take Profit 2: 1.4150 (major support)
Risk-Reward: 1:2 for first target, 1:3.5 for second target
Price showing bearish momentum on multiple timeframes. The 1H chart confirms resistance at our entry level, while the 4H chart shows plenty of room to move down toward targets.
Will update as trade progresses. Planning to secure partial profits at TP1 and move stop to breakeven for remainder.
Trade Details:
Entry: 1.4350 (sell zone)
Stop Loss: 1.4420 (above recent swing high)
Take Profit 1: 1.4260 (previous support)
Take Profit 2: 1.4150 (major support)
Risk-Reward: 1:2 for first target, 1:3.5 for second target
Price showing bearish momentum on multiple timeframes. The 1H chart confirms resistance at our entry level, while the 4H chart shows plenty of room to move down toward targets.
Will update as trade progresses. Planning to secure partial profits at TP1 and move stop to breakeven for remainder.
Trade closed: target reached
TP 1 HIT
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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.