Sell Opportunity
USD/CAD Short Signal
Entry Price: 1.4035
Stop Loss: 1.40716
Take Profit: 1.38148
Risk/Reward Ratio: 1:1.59
Time Frame: 4H
Signal Analysis:
The price has reached a potential resistance area, with a visible bearish volume profile zone above. Momentum indicators show signs of potential weakness, suggesting a pullback or reversal in the USD/CAD pair.
Recommendation:
Consider entering a short position at the specified entry price, with a stop loss at 1.40716 and a target of 1.38148. Monitor any changes in volume and volatility, as they may affect the trade outcome.
Entry Price: 1.4035
Stop Loss: 1.40716
Take Profit: 1.38148
Risk/Reward Ratio: 1:1.59
Time Frame: 4H
Signal Analysis:
The price has reached a potential resistance area, with a visible bearish volume profile zone above. Momentum indicators show signs of potential weakness, suggesting a pullback or reversal in the USD/CAD pair.
Recommendation:
Consider entering a short position at the specified entry price, with a stop loss at 1.40716 and a target of 1.38148. Monitor any changes in volume and volatility, as they may affect the trade outcome.
GODO Capital Markets
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.
GODO Capital Markets
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.