Short USDCAD on Major multi year resistance
Sell set up USDCAD on a multi-year consolidation period with price rejection on major resistance at 1.39383. Risk rewards also seem favourable for a sell set up with SL being placed above the swing high at 1.40023 and the maximum profit target at previous major support at 1.33334 area.
Trade closed: stop reached
stop out
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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.