The USD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.3792
2nd Support – 1.3760
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Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.3792
2nd Support – 1.3760
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
PlacedNote
In Good Profit
Trade closed: target reached
with Good Profit
Note
2nd Target Reached
Note
The U.S. dollar decreased because of Donald Trump's latest escalation of the trade war, suggesting the implementation of 50% tariffs on the European Union starting June 1, and threatens 25% tariffs on Apple, Samsung phones.
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Disclaimer
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