USDCAD started its journey downwards after it reached daily significant level of resistance around 31st of October, followed by a selloff to a next support zone where it bounced on 6th of November back up, failing to break the resistance and making another high. Since then the price has been in a downtrend. Yesterday the market was finally able to break the support meaning sellers are still in control. I added a sell position at 1.3600 psychological level on the retracement.
Note
Added a scale in after a BNR of previous LTF low in a bearish market: Entry: 1.35183
SL: 1.36003
TP: 1.34186
Note
Added a second scale in:Entry: 1.35798
SL: 1.36270
TP: 1.34195
Trade closed manually
Closed all positions in profit at 1,34740 for 1.47R, 0.3R, 1.25R and 2.4R
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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.