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U.S. Dollar / Canadian Dollar
Short

USDCAD short opportunity at resistance

By jamstock
Updated
USDCAD has reached a resistance level and has printed a bearish rejection candle off that level indicating a probably down turn in price. Looking for a retracement entry to get in short.
Entry at 1.3317
SL 1.3385
Target around 1.305 - 1.31
Comment
Counter trend trades are inherently riskier so only risk a small percentage of your account
Comment
no follow through so getting out at break even
Comment
Big bearish candle printed yesterday signaling likely bearish continuation. Second chance entry at 1.3315, SL above 1,3390. The entry probably won't be hit, but worth a shot
Chart PatternsTrend Analysis

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