Short USDCAD : Ripe for Breakout !
Updated
Hi Guys,
We have ascending triangle pattern in Usdcad though there are wicks pierced through upside, if you check on lower timeframe (15mins) it may be double top. Just right above current levels of Usdcad we have resistance zone 1.3200's, Usdcad touched n came back.
While shorting Usdcad ensure 3 things ,
(i) Valid breakout downside with close
(ii) Proper stops above resistance zone (1.3200's)
(iii) If Usdcad moves upside, Trade is invalid. Dont enter Guys.
Trade after valid analysis from your side. Happy Trading !
Feel free to leave your comments/opinions...
Note : Though we had few losers earlier, we are back on track with recent trades. That's why we should always follow our plan with discipline. Pips n Profits will follow...
We have ascending triangle pattern in Usdcad though there are wicks pierced through upside, if you check on lower timeframe (15mins) it may be double top. Just right above current levels of Usdcad we have resistance zone 1.3200's, Usdcad touched n came back.
While shorting Usdcad ensure 3 things ,
(i) Valid breakout downside with close
(ii) Proper stops above resistance zone (1.3200's)
(iii) If Usdcad moves upside, Trade is invalid. Dont enter Guys.
Trade after valid analysis from your side. Happy Trading !
Feel free to leave your comments/opinions...
Note : Though we had few losers earlier, we are back on track with recent trades. That's why we should always follow our plan with discipline. Pips n Profits will follow...
Trade active
Moved my stops to BreakevenNote
Target achieved
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