U.S. Dollar / Canadian Dollar
Updated

USDCAD - Looking for a long Short after a short Long

64
USDCAD seems already to be on it's way to it's nearest Weekly support (1.25200), but that doesn't mean there's no possibility for the market to retest the Resistance level (around 1.29607) For few weeks to come, I am only looking for a short on the Loonie, around it's resistance level. I'm risking 2:5 for this trade.

Thanks for reading. Encourage me for more analysis by giving a quick Like!
Order cancelled
It reached TP, but didn't retrace back to trigger the PO.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.