USDCAD SELL SHORT
Structure: The chart presents a descending structure with lower highs and lower lows, indicating a bearish trend. The price is nearing a key support zone, and the pattern suggests a potential continuation of the downtrend.
Trade Setup: The trade setup involves a short position, aiming for a decline towards the 1.35000 area (green zone), which is a strong support level. The stop loss is placed at 1.37678 (red area) to cover against the risk of a reversal and the trend breaking to the upside.
Trade Setup: The trade setup involves a short position, aiming for a decline towards the 1.35000 area (green zone), which is a strong support level. The stop loss is placed at 1.37678 (red area) to cover against the risk of a reversal and the trend breaking to the upside.
Trade closed: target reached
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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.