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SmithTradeSmart
Apr 17, 2020 2:19 PM

USDCAD - Sell Opportunity Back To Prior Resistance | 1:3 RR Short

U.S. Dollar/Canadian DollarFXCM

Description

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📢EURNZD 1H - Technical Breakdown

📈Price action clearly broke upwards out of the descending wedge shown in my last tradingview analysis. Since then a failure to gain has taken place and bullish momentum seems to have come to a halt.

📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 120 pips down to the prior wedge resistance line.
Comments
transparent-fx
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I broke down UsdCad as well, this is my view on it
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