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Usdcadshort

USDCAD SHORTAccording to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and it has bounced significantly. The momentum looks bearish. Entry @ 1.296 Stop loss @ 1.302 Tp 1 @ 1.290, Tp 2 @ 1.284, and Tp 3 @ 1.278. R:R is 1 : 3 risking only 1% of the account.
Short
by Vapari_Inc
USDCAD, Bearish H&S, Sell Opportunity Hi Traders, USDCAD is setting up for another drop as we could see on the HTF price has moving within an ascending channel with a strong reversal impulse push down from the top of the correction. To add confluence to this set up, we can also see a H&S pattern with the R shoulder completing to indicate further downside. If we look at the LTF, we can see price is moving within a correction after the strong impulse. I will wait for a bearish confirmation before entering this sell position, target range 1.2458 Trade Safe Thanks
Short
by ktlfx