USDCAD Daily trading strategy 25 Mar 2020 M15

Updated

USDCAD build a mountain shape and broke down the neck line in M15 chart.

The forecast in future hours the price will have a correction go back to the neck line, and then turn down again.

For the trading strategy, a sell limit order can be considered to place around 1.442-1.443 with stop loss at 1.449-1.451 and take profit target at 1.423.
Trade closed: target reached
Chart PatternsTrend Analysis

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