USDCAD - Opportunity: Sell after chart pattern breakout.
USDCAD - Opportunity: Sell after chart pattern breakout. Timeframe of the analysis: 4H.
We observe convergence of different signals confirming our strategy to enter a sell position. We place the Stop Loss at the last high and set two Take Profit levels, one moderate and another with a higher projection and longer-term.
We observe convergence of different signals confirming our strategy to enter a sell position. We place the Stop Loss at the last high and set two Take Profit levels, one moderate and another with a higher projection and longer-term.
Trade active
First Take Profit achieved.Trade closed: stop reached
Second Take Profit ends at the Break Even level.
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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.