Trade Setup on USD/CAD
Updated
Technical confluences: Fibonacci retracement level, demand zone break retest, bearish harami
Fundamental confluences: US-Iran tensions increasing crude oil prices, USD/CAD negatively correlated with crude oil.
Possible Outcomes of this trade:
Short till 1.3000 and retest - TP1, after which we need to update this setup.
TP2 is at 1.2950 and TP3 is not defined yet
Stop loss: 1.3130
Entry price optimal: 1.30400
Fundamental confluences: US-Iran tensions increasing crude oil prices, USD/CAD negatively correlated with crude oil.
Possible Outcomes of this trade:
Short till 1.3000 and retest - TP1, after which we need to update this setup.
TP2 is at 1.2950 and TP3 is not defined yet
Stop loss: 1.3130
Entry price optimal: 1.30400
Trade closed: stop reached
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