U.S. Dollar / Canadian Dollar

Short

USDCAD Trading Plan: sell the breakout of the trading range

By VasilyTrader

Updated

snapshot

after a strong bullish impulse usdcad is approaching a significant structure resistance/
overbought rsi and divergence, and contraction inside a trading range give an indication of market exhaustion.

your plan is:
wait and sell the breakout of a trading range.
T1 - 1.3535
T2 - 1.34

Note

The market is going down

Note

T1 Reached

Note

Stop was trailed to breakeven

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