USDCAD short After a massive rally to the top we saw a rejection and a triangle formation that was eventually broken and now it's support is tested.
If the price is rejected we can easily enter in a short position with great targets.
I personally think that the price will be rejected and it will go lower to my targets.
- CryptonikLion
Revers
TREND CONTINUATION TRADE AUDJPY (SHORT)This is a trend continuation trade that i have on my radar today. Short possibilities show up on this pair after the break of structure to the downside and so the continuation of the downtrend. I'm currently waiting for a retracement back into previous structure. When the retracement gets into my "potential reversal zone" i'll be looking for indications of weakness to get short.
This setup is based on technical analyses and structure. I find these two the most important in currency trading. Once you get it, it's mainly dedication, focus and hard work to get your hard-earned profits out of the markets.
I wish you guys best of luck trading, keep it up!