USD/CAD Triangle Breakout
The USD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3630
Target Levels:
1st Support – 1.3592
2nd Support – 1.3572
Stop-Loss: To manage risk, place a stop-loss order above 1.3650. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3630
Target Levels:
1st Support – 1.3592
2nd Support – 1.3572
Stop-Loss: To manage risk, place a stop-loss order above 1.3650. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Trade active
Note
Trade closed: target reached
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