Post:
💡 USD/CAD Analysis: The price has broken below the ascending trendline, confirming a bearish trend. Currently, the market is retesting the previous support zone, with a high probability of further downside movement.
📉 Sell Setup:
Entry: 1.43642
Stop Loss: 1.43941 (To avoid market noise)
Take Profit: 1.43089 (Potential support area)
🔎 This setup is ideal for traders who prefer breakout and retest strategies. Keep a close eye on price action to manage the trade effectively!
📊 Personal View: This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss! 👇
💡 USD/CAD Analysis: The price has broken below the ascending trendline, confirming a bearish trend. Currently, the market is retesting the previous support zone, with a high probability of further downside movement.
📉 Sell Setup:
Entry: 1.43642
Stop Loss: 1.43941 (To avoid market noise)
Take Profit: 1.43089 (Potential support area)
🔎 This setup is ideal for traders who prefer breakout and retest strategies. Keep a close eye on price action to manage the trade effectively!
📊 Personal View: This trade offers a good risk-to-reward ratio, but be cautious of economic news that may cause volatility. What’s your take on this setup? Let’s discuss! 👇
Trade closed: target reached
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.
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.