USDCAD SHORT
Short Trade Setup:
📌 Entry Zone:
• Look for a bearish confirmation candle around 1.4450 - 1.4480 before entering a short position.
• A retest of the resistance level would provide stronger confirmation.
🎯 Target Price (TP):
• TP1: 1.4300 – First key support level
• TP2: 1.4150 – Lower boundary of the channel
🚨 Stop Loss (SL):
• SL: Above 1.4500, in case the price breaks out above resistance.
This setup is valid as long as the resistance level holds and no breakout occurs. Always wait for confirmation before entering a trade
📌 Entry Zone:
• Look for a bearish confirmation candle around 1.4450 - 1.4480 before entering a short position.
• A retest of the resistance level would provide stronger confirmation.
🎯 Target Price (TP):
• TP1: 1.4300 – First key support level
• TP2: 1.4150 – Lower boundary of the channel
🚨 Stop Loss (SL):
• SL: Above 1.4500, in case the price breaks out above resistance.
This setup is valid as long as the resistance level holds and no breakout occurs. Always wait for confirmation before entering a trade
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.
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.