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JakeDailly81
May 14, 2020 9:29 AM

USDCAD Short Short

USD/CADOANDA

Description

A nice short opportunity if we see a close below the range it is currently in on the lower timeframes. A nice descending triangle formation with the resistance of the pattern now being tested, I think we will see it short into the 1.39465 area. SL placed just above the exhaustion candles on H4, risk/reward of 1:5.21. Once it reaches the support of the triangle I will be looking for a breakout or fakeout once again.
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