USDCAD SHORT OPPORTUNITY - BUYING PRESSURE FADING
Updated
Hey traders,
As shown on the H1 chart we can see price has reached the top of my orange trend line.
With the past 3 hour closes showing bearish wicks, and the final hour close being a bearish pinbar.
I am now short.
Risk tor reward on this trade is 3.4.
Target is the lower red line.
Simple price action and technical analysis leads to simple profits.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi.
As shown on the H1 chart we can see price has reached the top of my orange trend line.
With the past 3 hour closes showing bearish wicks, and the final hour close being a bearish pinbar.
I am now short.
Risk tor reward on this trade is 3.4.
Target is the lower red line.
Simple price action and technical analysis leads to simple profits.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi.
Trade closed: target reached
Target was reached a couple hours back. A little bit of luck and skill netted the win!
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