Disclaimer: This is not a signal, this is just an analysis for your consideration. Use your own strategy to trade this.
This is a short opportunity in USDCAD. When market opens up, if you order immediately, it is a risky order with a larger SL. My preferred and recommended entry is to wait for price to retest the bottom of the blue line zone, or to form a new price action which you can use as a new zone.
Each target line is also a strong Support Area, therefore when reaching target 1, manage your risk and order carefully.
This is a short opportunity in USDCAD. When market opens up, if you order immediately, it is a risky order with a larger SL. My preferred and recommended entry is to wait for price to retest the bottom of the blue line zone, or to form a new price action which you can use as a new zone.
Each target line is also a strong Support Area, therefore when reaching target 1, manage your risk and order carefully.
Trade closed: target reached
Target 1 reached without retesting the zone.
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.
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.