Bearish Bias on USDCAD
PAIR IN FOCUS: USDCAD
ACTION: SHORT
Price has printed a Weekly Bearish engulfing candle, which is a trigger for a short trade. Price has been retesting the broken trend line for a couple of weeks and finally properly rejected it.
Looking for a retrace up to the Entry Zone, before dipping back down. There are 2 TP areas for this trade, with TP 2 being a longer-term target. It is possible for price to just dip straight into TP 1 and rebound from there, observe the price action.
The Entry Zone, TP 1, TP 2 and Stop Loss have been indicated on the chart.
ACTION: SHORT
Price has printed a Weekly Bearish engulfing candle, which is a trigger for a short trade. Price has been retesting the broken trend line for a couple of weeks and finally properly rejected it.
Looking for a retrace up to the Entry Zone, before dipping back down. There are 2 TP areas for this trade, with TP 2 being a longer-term target. It is possible for price to just dip straight into TP 1 and rebound from there, observe the price action.
The Entry Zone, TP 1, TP 2 and Stop Loss have been indicated on the chart.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.