USDCAD: Is Short
My reason:
Breakout of support (daily & Trendline)
Execution plan:
1. Wait for a retracement in 1H tf
2. Entry only after a bearish candlestick has formed at the resistance zone (yellow rectangle) in 1 H tf or 15 mins LH LL structure
3. Stoploss above the previous 1H candlestick and trail it
4. Target is at the next major support
Breakout of support (daily & Trendline)
Execution plan:
1. Wait for a retracement in 1H tf
2. Entry only after a bearish candlestick has formed at the resistance zone (yellow rectangle) in 1 H tf or 15 mins LH LL structure
3. Stoploss above the previous 1H candlestick and trail it
4. Target is at the next major support
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