FX:USDCAD   U.S. Dollar/Canadian Dollar
4 months ago
Overall we are bearish on USDCAD             . After the FOMC statement there was a big rejection of the monthly level ~1.325.
Due to this it has also formed a double top if zoomed out from highs from March. I am already short with target levels as indicated. If we close strong above monthly level, analysis is invalidated.

Risk Reward

1st Target: : ~1:2
2nd Target: ~1:10
3rd Target: ~1:13.5

-Best Regards and safe trading
4 months ago
Comment: Another confluence leading to my entry is on the hourly we can see clearly see a triple top/rejection of the level.
4 months ago
Comment: Target one smashed . Will be expecting small rallies . Target two should be next
3 months ago
Comment: Target two smashed .
Target 3 in route .
Pjorge89
4 months ago
1st Target hit
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