Double Top on USDCAD (1.5k Pip Potential)
Hey all,
Long time no see :) I've been out of the game for a while after shifting my focus away from actively trading FX since my strategies are generally long term anyway. I've been very successful with this pair thankfully and noticed this pattern that looks like a potential double top. I'll be getting in earlier than I have indicated as I believe that the CAD will get stronger within the next 8-9 months but this is a good enough start if you're looking to invest a little more passively.
This of course is just a friendly analysis and you should always do your own due diligence before investing!
Long time no see :) I've been out of the game for a while after shifting my focus away from actively trading FX since my strategies are generally long term anyway. I've been very successful with this pair thankfully and noticed this pattern that looks like a potential double top. I'll be getting in earlier than I have indicated as I believe that the CAD will get stronger within the next 8-9 months but this is a good enough start if you're looking to invest a little more passively.
This of course is just a friendly analysis and you should always do your own due diligence before investing!
Trade closed: target reached:
Perfect play :)