J_layseca

USDCAD short set up

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
M forming at the level
EMA crosing Over
Break of the trend

As I've been doing, a M has formed, even tho the 2nd leg made a higher high, still closed below, the price is currently breaking the monthly.

There is some sort of of a trend between the tp and the current price, but im not sure on how the price will act around that, so I would keep and eye, and watch out for the 200 ema

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.