Hello traders,
We have several reversal signs on the USDCAD to go short. The USDCAD has printed a double top at the resistance 1.33391 with a Head&Shoulders pattern on the second test.
We then broke below the support 1.32858 and now we are looking for a shorting opportunity.
On the lower timeframes, we see a consolidation pattern below the broken support 1.32858. Placing a Stop-Order below that consolidation is an entry option.
SL is set above 1.32858 with a target at the next support level at 1.32144.
I wish you all a great trading week!
We have several reversal signs on the USDCAD to go short. The USDCAD has printed a double top at the resistance 1.33391 with a Head&Shoulders pattern on the second test.
We then broke below the support 1.32858 and now we are looking for a shorting opportunity.
On the lower timeframes, we see a consolidation pattern below the broken support 1.32858. Placing a Stop-Order below that consolidation is an entry option.
SL is set above 1.32858 with a target at the next support level at 1.32144.
I wish you all a great trading week!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.