USDCAD, NEW DIRECTION, POTENTIAL DOWNTREND
A potential new downtrend has been identified on the lower time frame, showing a potential drop towards the 1.3090 price area. The potential setup remains valid below the 1.3160 price area.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
Like/comment/follow to get notification updates on this and other ideas.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
Trade closed manually:
Setup exited at break-even. New price action showing potential reversal. Will wait for a better entry.