The Old Trade is continuing now. As I told before that USD/CAD will rise til 1.26500 and then I will Short.
It seems that Short/Sell time have arrived. I will Short USD/CAD after a Retest of Broken Support level.
Risk-Return Ratio for the trade is 1:7.4 with Strict Stop Loss of 13 Pips intact.
Note: Do your own analysis before taking the trade.
Short/Sell: 1.26510 - 1.26350
Stop Loss: 1.26630
Targets: 1.25840 & 1.25000
Indicators used: Moving Average (MA) and Relative Strength Index (RSI).
Concept: Analysis is based on Market Structure, Moving Averages, Strength of the pair and Supply/Demand Zones.
It seems that Short/Sell time have arrived. I will Short USD/CAD after a Retest of Broken Support level.
Risk-Return Ratio for the trade is 1:7.4 with Strict Stop Loss of 13 Pips intact.
Note: Do your own analysis before taking the trade.
Short/Sell: 1.26510 - 1.26350
Stop Loss: 1.26630
Targets: 1.25840 & 1.25000
Indicators used: Moving Average (MA) and Relative Strength Index (RSI).
Concept: Analysis is based on Market Structure, Moving Averages, Strength of the pair and Supply/Demand Zones.
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Related publications
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.