USDCAD Reversed from Well-established Resistance:SELL for 90pips
USDCAD has failed to break the recently established resistance. Hence, traders can sell at 1.3387 now
and target the support area at 1.3297 as TP.
If the support area indicated by the red line breaks, we can even look for 1.3247 as second TP which happens to be long-term trend line support.
SL should be placed above 1.3421.
I have already entered the trade at 1.3391 and looking for 90-100 pips from this sell trade
and target the support area at 1.3297 as TP.
If the support area indicated by the red line breaks, we can even look for 1.3247 as second TP which happens to be long-term trend line support.
SL should be placed above 1.3421.
I have already entered the trade at 1.3391 and looking for 90-100 pips from this sell trade
Trade active:
Trade reached +55 pips profit. Closed half lot and moving SL of others at Breakeven