USD/CAD SHORT [SWING TRADE]
USDCAD
1D
As we can see, price breaks lower low. A downtrend pattern is formed. Biased Sell.
We can see 3 SBR lines on 4H (black dotted horizontal lines). That would be the best levels for us to sell.
You can either wait for retracement and formed a CRS then only enter the market with tight SL, or... Alternatively, you can set an entry at 1.3050 (taking the middle level) and SL at 100 pips above.
TP would be at 1.275 (next 1D Dynamic Support level)
RRR 1:3
Anyway, I still prefer to look for the opportunity after NFP news. Anything might happens during the news released.
TAYOR
Order cancelled:
Current price is kind of far for this set-up. Will look for another opportunity again.