Sell USD/CAD BoC Interest Rate
Updated
The USD/CAD pair on the H1 timeframe presents a potential selling opportunity due to channel. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3818, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3778
2nd Support – 1.3750
Stop-Loss: To manage risk, place a stop-loss order above 1.3845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3818, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.3778
2nd Support – 1.3750
Stop-Loss: To manage risk, place a stop-loss order above 1.3845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Trade active
Take Entry nowTrade closed manually
USD/CAD - Momentum changing to Bullish, Now price near to entry or around 7 pips only..
Close with small loss and also i like to take Buy Entry now.. 📣📣
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CAD - Interest Rate Decision
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