Get started
hex_7efb6

USDCAD Daily trading strategy 25 Mar 2020 M15

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
hex_7efb6 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern

USDCAD build a mountain shape and broke down the neck line in M15 chart.

The forecast in future hours the price will have a correction go back to the neck line, and then turn down again.

For the trading strategy, a sell limit order can be considered to place around 1.442-1.443 with stop loss at 1.449-1.451 and take profit target at 1.423.
Trade closed: target reached
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.