AndrewNatter
Short

USDCAD bearish trend continuation opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
Mkt making lower lows & lower highs forming a downtrend.
Currently the market is in a recovery rally and testing the
previous swing high of the downtrend. This sets up a bearish
trade opportunity at great location offering traders around a
3:1 reward to risk.

Although the invalidation point for the downtrend is technically
the 1.3215 resistance zone it makes sense to place stops above
the 1.3295 swing point just above as there is still plenty of reward
potential in the trade.

Aggressive traders may enter on a limit at or near the resistance
zone, conservative traders may wait for an entry signal within
the resistance zone before entry.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out