price has been consistently bearish pointing towards a very negative sentiment on the dollar vs the Canadian pair, hence why we can anticipate certain pullbacks/retracement around ideal regions for better scaled in entries in favour of the trendline.
1:1.5 risk/reward ratio
1:1.5 risk/reward ratio
Trade closed manually
Note
Price has broken our area of fib region, although the price is still trading within the entry region. It would be safe to close the trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.