Possible Bearish Break
Although the technicals all indicate a bullish retracement off of the support zone, fundamentals may play a different story with the USD/CAD pair. If price action breaks support zone, it's very likely that the bearish move will be significant and I have set my entries/exits as shown.
If it does break through support, I'll be watching price action for clearer indication of a bearish breakout
If it does break through support, I'll be watching price action for clearer indication of a bearish breakout
Trade active
I'm now short on this pair as we have a nice close below support, and another retest but not break of the resistance upper resistance level. I'd like to hear if anyone else has any other thoughts. May the pips be in our favorTrade closed: target reached
Second Target Reached - 280 Pips Profit
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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.