USD/CAD Forming a Double Top Pattern?

3 Mar

🔔🔔🔔USD/CAD news:

👉USD/CAD is forming a traditional double top pattern and the price is right at the neckline

👉USD/CAD RSI (1H) is in control of the sellers

👉DXY is entering the overbought zone with no signs of reversal

👉Trendline shows signs of breaking

Personal opinion:
👉The above signals show that USD/CAD is likely to decline in the short term and retest the support zone of 1.435

Analysis:
👉Based on the trendline combined with resistance - support levels and SMA to come up with a suitable strategy

Plan:
🔆 Set up the price zone:
👉 Sell USD/CAD 1.4410 - 1.4420
❌SL: 1.4465 | ✅TP: 1.4360 – 1.4330 – 1.4290

FM wishes you a successful trading day 💰💰💰

3 Mar

İşlem aktif

Anyone who followed FM's plan would have made a profit of 50 pips from 1.4420

4 Mar

İşlem kapandı: hedefe ulaştı

profit for you