I have a Bearish Stance on the USDCAD...
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR (25pip SL and 50+ pip TP)
- TP is 1.36500 Round Number which is also at/near 127% FIBO Extension
Use at own risk...Am a rookie!
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR (25pip SL and 50+ pip TP)
- TP is 1.36500 Round Number which is also at/near 127% FIBO Extension
Use at own risk...Am a rookie!
Trade active
Trade closed manually:
false break to the downside...Potential Rally
