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VladimirRibakov

USDCAD bearish setup forming

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
VladimirRibakov  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD Bearish Patterns signal bearish_signal bearish_setup sell_signal sell_setup SELL short_signal short_setup short
4
0
usdcad bearish signal bearish_signal bearish_setup sell_signal sell_setup sell short_signal short_setup short
The plan here is very simple but it might require some patience on your side.

1. Wait for bearish convergence to be formed
2. Wait for double wave correction
3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern)

Target 1: 1.4300

Target 2: 1.4150

Stop Loss: Above the last high created before entering a sell trade or above 1.4700.

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