POSSIBLE SHORT TERM SELLS ON USDCAD
REASONS FOR THIS TRADE;
- STRONG BEARISH CONTINUATION ON HIGHER TIMEFRAMES.
- ON LOWER TIMEFRAMES, FORMING A POSSIBLE TRIPLE TOP. HENCE, POSSIBILITY OF BREAKING BELOW THE NECKLINE (1.24850)
- IF NECKINLINE IS BROKEN THEN THE TARGET IS 1.23600
- RISK TO REWARD RATIO IS 1:2
- RISKING 1% OF CAPITAL
- STRONG BEARISH CONTINUATION ON HIGHER TIMEFRAMES.
- ON LOWER TIMEFRAMES, FORMING A POSSIBLE TRIPLE TOP. HENCE, POSSIBILITY OF BREAKING BELOW THE NECKLINE (1.24850)
- IF NECKINLINE IS BROKEN THEN THE TARGET IS 1.23600
- RISK TO REWARD RATIO IS 1:2
- RISKING 1% OF CAPITAL
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