USDCAD SHORT OPPORTUNITY (FINALLY A BREAKOUT???)

USDCAD broke out of a trend-line that it had been respecting for a while and based on this, I think i think it is a good short opportunity of Risk to Reward 1:5. I had been waiting for this breakout for over 2 weeks and now with a good closure on the 4H we could see the price coming back down to 1.33000. The slop loss is just above the minor resistance that is broken out of and was tested. Once you are 25 pips in profit, cover it to break even and ride the trend.

Yorum:

Trade has been activated and is in profit. Waiting for a good push down to confirm a good bearish breakout.