USD/CAD.1week chart pattern.

5 giorni fa

It looks like me discussing a trade setup for USD/CAD with:

Sell Entry: 1.36200

Target Point 1: 1.23504

Target Point 2: 2.31000 ← This seems like a mistake


Let’s break it down:


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🔍 Trade Analysis:

Sell at 1.36200: This is a reasonable short entry, near recent resistance (depending on current market context).

Target Point 1 (1.23504): This is plausible, as it's a historically significant support level — a good long-term take-profit zone.

Target Point 2 (2.31000): This appears illogical for a short (sell) position — it's higher than the entry price. If you're shorting, you profit from a decline, not a rise.



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✅ Corrected Setup (Sell Idea):

Sell USD/CAD @ 1.36200

Take Profit 1: 1.30000 (medium-term support)

Take Profit 2: 1.23500 (long-term support)

Stop Loss: 1.37200 (just above recent highs)


Would you like a chart analysis or backtest of this strategy?

5 giorni fa

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