USDCAD Dropdown and Break Trenline
USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line
So now the uptrend has been broken.
We can consider entering an order
#1 Sell: 1.34958 fibo zone 23.6%
Stop loss: 1.35520
Take profit: 1.33889 at fibo 50%
#2 Sale: 1.35211
Stop loss: 1.35521
Take profit: 1.33429 at fibo 61.8%
#3 Follow the price movement closely. You can close half of the order when the price touches the 38.2% fibo line: 1.34370 and move the SL to the entry point to preserve profits.
#4 You should only enter a maximum of 1-2% equity.
#5 Good luck to you.
So now the uptrend has been broken.
We can consider entering an order
#1 Sell: 1.34958 fibo zone 23.6%
Stop loss: 1.35520
Take profit: 1.33889 at fibo 50%
#2 Sale: 1.35211
Stop loss: 1.35521
Take profit: 1.33429 at fibo 61.8%
#3 Follow the price movement closely. You can close half of the order when the price touches the 38.2% fibo line: 1.34370 and move the SL to the entry point to preserve profits.
#4 You should only enter a maximum of 1-2% equity.
#5 Good luck to you.
Feragatname
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