Description
⋅ USDCAD trading in Bullish channel and price seems to attempt a test on bottom trendline of the channel after gotten rejected from the top trendline.
RSI making tripple top showing potential drop incoming.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Stop Loss
GREEN: SELL TARGETS
Join our discussion room for more about our trading ideas.
Please share your thougths about it and support my post with your LIKES if you think it's useful.
Thanks
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
⋅ Trade active
⋅ Trade closed: stop reached
⋅ We should have some basic retracement soon