Hello Everyone:
Similar like my AUDUSD trade that went for 1.5:1 RR, USDCAD is presenting similar setup against the USD.
Here on the 1 hr chart, we are seeing PA failed to break to the upside, and strong momentum break down.
Strong MACD divergence, Head and Shoulder Pattern, breaking below EMA all give me positive confluence that a short trade is ideal.
Sell on the breakout, targeting the daily EMA level would be ideal for a quick 2:1 RR trade.
Thank you
Similar like my AUDUSD trade that went for 1.5:1 RR, USDCAD is presenting similar setup against the USD.
Here on the 1 hr chart, we are seeing PA failed to break to the upside, and strong momentum break down.
Strong MACD divergence, Head and Shoulder Pattern, breaking below EMA all give me positive confluence that a short trade is ideal.
Sell on the breakout, targeting the daily EMA level would be ideal for a quick 2:1 RR trade.
Thank you
İşlem kapandı: hedefe ulaştı:
TP hits, 2:1 RR
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