The price broke the structure with impulse move and retraced. The price found resistance in previous low (inside resistance), where we have a 38.2% Fibonacci retarcement level, as well as 50MA, after that price broke the correction, so i expect the price move further to the downside.
ENTRY: 1.3860
TP 1.3800
SL 1.3889
#technicalanalysis #usdcad #short
ENTRY: 1.3860
TP 1.3800
SL 1.3889
#technicalanalysis #usdcad #short
Trade closed: target reached
Our trade hit Tp!! REWARD TO RISK 2:1!
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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.