The Best Level to short USDCAD TP +250/+500 pips

5 Kas

🔸Hello traders, let's review the daily chart for USDCAD today. Trading
near premium prices of the multiyear range, established in 2023.
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in this market.

🔸Range highs set at 3800, premium prices overhead at 3880 3960
range lows set at 3300 and premium prices below at 3140 3240
current bid is 3885.

🔸Recommended strategy for USDCAD traders: focus on short selling any
rips/rallies near market price. price is currently trading near premium levels
and is maxed out already, limited upside. TP1 bears +250 TP2 bears +500 pips keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!

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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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