USD/CAD Time to fallback?
Updated
Confluences
1.Trend line broken resistance,shooting star at trend line area.
2.Bearish engulfing at weekly time frame.
3.Near weakly resistance.
4.Green candle is getting smaller at 4hr time frame.
5.Great RR 1:5
Entry 1.3785
Stop loss 1.3880 (Above shooting star 1 ATR)
1st TP 1.365 (1st swing low)
2nd TP 1.355 (Yearly open)
3rd TP 1.338 (Weekly support)
1.Trend line broken resistance,shooting star at trend line area.
2.Bearish engulfing at weekly time frame.
3.Near weakly resistance.
4.Green candle is getting smaller at 4hr time frame.
5.Great RR 1:5
Entry 1.3785
Stop loss 1.3880 (Above shooting star 1 ATR)
1st TP 1.365 (1st swing low)
2nd TP 1.355 (Yearly open)
3rd TP 1.338 (Weekly support)
Note
Booked 20% profitNote
Bear in control now, prepare for waterfallNote
1st tp hittedNote
2nd TP reachedNote
Waiting for 3rd TPTrade closed: target reached
Manual closed full position at 1.339
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.