USD/CAD reverses from channel top, probable sell
Dear traders, USD/CAD has slowed down after hitting the top
of the price channel on the daily chart.
If the channel resistance holds, we can expect USD/CAD to gradually
fall back to the bottom of the channel.So, selling the rallies in
USDCAD@1.3800-1.3840, SL : 1.39 and TP : 1.3570 is a probable sell trade.
of the price channel on the daily chart.
If the channel resistance holds, we can expect USD/CAD to gradually
fall back to the bottom of the channel.So, selling the rallies in
USDCAD@1.3800-1.3840, SL : 1.39 and TP : 1.3570 is a probable sell trade.
Trade active:
Sold@1.3830
Trade closed: target reached:
Closed@1.3654. Profit : 176 Pips