USDCAD: Short Trade With Confirmation

By VasilyTrader
Updated
snapshot

USDCAD: Short Trade With Confirmation

very peculiar trading setup on USDCAD .
on 4H the market has recently touched a falling resistance of a descending triangle
and we see a row of multiple rejections.

on 1H we see a double top formation and for confirmation, we only need to wait for
a bearish violation of minor support beneath it to short the pair.

T1 - 1.325
T2 - 1.324
Trade closed: target reached
good trade
analysisbrokerChart Patternscurrencytradingforecastfundamental-analysisTechnical IndicatorsNEWSPAIRshortTrend AnalysisUSD (US Dollar)
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