Get started
EricHeng

USDCAD Downtrend

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
EricHeng  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators nakedchartanalysis nakedtrading nakedforex
4
0
trendanalysis indicator nakedchartanalysis nakedtrading nakedforex
Hi, new trader here. I'm trading on a naked chart

I've analysed USDCAD heading for a downtrend. It has broken off the ascending channel and formed a corrective phase.
From the figure above, it has broken off the corrective phase and could potentially go for a downtrend.
I've set a potential TP point when it touches the trendline on the higher timeframe.

Any comments and opinions please comment below. Thank you :)
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.