USDCAD on the way down for this week (intraday setup)
USDCAD made a triple top on small timeframe (H1) on crucial daily resistance, which is on 1.34500. It held great
and USDCAD might be on the way to retest huge support on H4 and H8 timeframe, which is around 1.33200 area.
It's not moving much trendy, but we could see some big leg down from the region of 1.34100, which confluence with
H1/H resistance and trendline coming our way.
I'm entering very conservatively right now and awaiting some small push up on M15/M30 and then enter on these timeframes, where
I will be adding another position with very good RRR.
Good luck and don't forget to trade carefuly guys. Enjoy
and USDCAD might be on the way to retest huge support on H4 and H8 timeframe, which is around 1.33200 area.
It's not moving much trendy, but we could see some big leg down from the region of 1.34100, which confluence with
H1/H resistance and trendline coming our way.
I'm entering very conservatively right now and awaiting some small push up on M15/M30 and then enter on these timeframes, where
I will be adding another position with very good RRR.
Good luck and don't forget to trade carefuly guys. Enjoy
Trade active:
First entry and first TP
Trade closed: target reached:
First target hit
Comment:
What else to say, played out perfectly, SL in profit, let run for second TP!
Trade closed: target reached:
It wasnt so hard, was it?
