USDCAD SWING ANALYZE / SHORT Hello dear friends
I hope we start a very good week.
There is a good position in the currency pair of the US dollar to the Canadian dollar
And I drew two movement patterns for this currency pair.
In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades.
If the drawn trend line breaks with good strength and seeing the entry trigger, we can enter the short trade
And if the price goes up, we can take the risk on the resistance areas and enter the short trade.
The loss limit should be placed behind the pivot in the first case and behind the resistance level in the second case
Thank you for telling me your opinion
