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InsiderB
May 16, 2017 10:00 AM

USDCAD : Shorting Trade setup with trendline  Short

U.S. Dollar/Canadian DollarFXCM

Description

The extended support trendline got retested and making lower highs in Usdcad, this setup can be used by both conservative & aggressive traders as mentioned in the chart. Anyway it got good risk:reward ratio, checking with your trade plan before placing the trades is suggested :)

Comment

Next hour or so, get ready to book profits :)

Comment

Book your profits, some might have already booked in that 2 pip difference :)
Comments
UnknownUnicorn646072
watched
royal_jatt
Good Setup and good trade; thumbs UP !!
InsiderB
@royal_jatt, Thanks !
nalinakshi
i think your short is working. How much money is required to trade in this market

InsiderB
@nalinakshi, For each trade pair margin varies & it depends on Broking house & their leverage policy.
raoadnan84
WoW , nice setup
InsiderB
@raoadnan84, Thanks
raoadnan84
@InsiderB, How you come up with exact TP ? is it support or ??
InsiderB
@raoadnan84, You know Me , pure support, nothing else :)
raoadnan84
@InsiderB, got it ;)
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