I have a Bearish Stance on the USDCAD...
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR (25pip SL and 50+ pip TP)
- TP is 1.36500 Round Number which is also at/near 127% FIBO Extension
Use at own risk...Am a rookie!
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR (25pip SL and 50+ pip TP)
- TP is 1.36500 Round Number which is also at/near 127% FIBO Extension
Use at own risk...Am a rookie!
Trade active
Trade closed manually
false break to the downside...Potential Rally
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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.
Related publications
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.