📉 Seizing Opportunity: USDCAD 1H Double Top Breakdown 📉
Updated
USDCAD presents a compelling selling chance! 🛑
A prominent double top formation has emerged, punctuated by a neckline breach, a successful retest, and a resounding rejection at this pivotal juncture. The stars align for a favorable entry to ride the downside momentum.
🧠Leveraging the strength of the moving average and neckline, there is a confluence of resistances to strategically position our stop loss above above 1.35770 and trade safely.
🎯 Aiming for success, my take profit is located at 1.34200, while my target lies at 1.34700.
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
A prominent double top formation has emerged, punctuated by a neckline breach, a successful retest, and a resounding rejection at this pivotal juncture. The stars align for a favorable entry to ride the downside momentum.
🧠Leveraging the strength of the moving average and neckline, there is a confluence of resistances to strategically position our stop loss above above 1.35770 and trade safely.
🎯 Aiming for success, my take profit is located at 1.34200, while my target lies at 1.34700.
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🌊🚀
Trade active
Note
TP1 reachedTrade active
pennant pattern formed and about to breakdown. perfect to add some shorts at midpath to the target
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