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ProjectSyndicate
Apr 30, 2021 12:47 PM

USDCAD H16: TP HIT +165 pips(SL/TP)(RECAP/REPLAY) Short

U.S. Dollar/Canadian DollarFXCM

Description

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USDCAD H16: BEST Level to SHORT IT TP +165 pips(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.

congrats if you followed. TP hit +165 pips.
click play to recap original trade setup.


🔸 Summary and potential trade setup
::: USDCAD 16hour/candle chart review
::: distribution in range
::: price contained within sliding channel
::: BEARS maintain control expect more losses
::: right now expecting losses TP BEARS 2300
::: BEARS can short into rips/rallies or
::: SHORT/HOLD at market
::: best ENTRY near 2500/2540
::: this week expecting more losses
::: SHORT/HOLD and get paid
::: best level is near 2500/2540
::: get ready to SHORT HIGH
::: BEARS will target re-test 2300
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: TP BEARS is 2300 +165 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 2300 fresh demand zone
::: 2500/2550 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
ramocan_20
very very good
InkyGrip
very nice thanks! 🦐🚀
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