USD/CAD has been ranging since mid September and we're anticipating a break to the downside. If price could break below ~1.3230 and maintain, we can look for sell positions. In addition, price has fallen below 200EMA on Daily and H4.
Let's wait for confirmation to find a sell entry if price breaks and holds below.
TP 1: 1.3180 TP 2: 1.3140
Comment
⋅
Price is approaching our entry zone. Waiting for confirmation on lower time frames to find a good entry for a sell.
Order cancelled
⋅
Price seems to be pulling away from our sell zone. Until it gets back in the area with a break and hold below 1.32150, then we could look for our sells. But for now, we'll close this trade idea.