USDCAD Multiple Rejections at the resistance level 1,300
Hey Guys,
As you can see, USDCAD has finally started to dip and as you can see, there is a strong resistance level at 1,3000 as it has hit the resistance level 3 times
Hence, I think it is a good time to start to short this trade
I would take some profit at the 0.168 level but my main target would be below the 0.5 level.
T/P1 at 1.2715
T/P2 at 1.2615
S/L at 1.3010
R:R at 2.1
Don't forget to share your comments and don't trade more than 2% of the capital.
Hope you can get some profit out of this trade
Cheers!
As you can see, USDCAD has finally started to dip and as you can see, there is a strong resistance level at 1,3000 as it has hit the resistance level 3 times
Hence, I think it is a good time to start to short this trade
I would take some profit at the 0.168 level but my main target would be below the 0.5 level.
T/P1 at 1.2715
T/P2 at 1.2615
S/L at 1.3010
R:R at 2.1
Don't forget to share your comments and don't trade more than 2% of the capital.
Hope you can get some profit out of this trade
Cheers!
Note
This trade is looking real good.Let's wait for the pullback 0.786 level if you want to short again.
I would still aim at the 0.5 level
Cheers!
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