USDCAD SHORT PROJECTION Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jan 27, 2023 10:24 AM

USDCAD broke a strong support turned into resistance as well as a daily trendline which were both retested during a pullback and just closed off with a bearish engulfing candle validating our sell positions.

Trade active

⋅ Jan 27, 2023 10:26 AM

Sell positions executed during a retest.

Trade closed: stop reached

⋅ Mar 9, 2023 9:09 AM

SL tapped above resistance zone

Comments

JoeChampion

⋅ Mar 9, 2023 12:16 PM

I agree on short term USD weakness!