InsiderB
Short

Short USDCAD : Ripe for Breakout !

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hi Guys,
We have ascending triangle pattern in Usdcad             though there are wicks pierced through upside, if you check on lower timeframe (15mins) it may be double top . Just right above current levels of Usdcad             we have resistance zone 1.3200's, Usdcad             touched n came back.

While shorting Usdcad             ensure 3 things ,
(i) Valid breakout downside with close
(ii) Proper stops above resistance zone (1.3200's)
( iii             ) If Usdcad             moves upside, Trade is invalid. Dont enter Guys.

Trade after valid analysis from your side. Happy Trading !
Feel free to leave your comments/opinions...

Note : Though we had few losers earlier, we are back on track with recent trades. That's why we should always follow our plan with discipline. Pips n Profits will follow...
Trade active: Moved my stops to Breakeven
Comment: Target achieved
I didnt see it before that was amazing, very good job
Nice simple Price patterns
NICE.!!!!!!!!!!
Reply
How do you draw support/resistance? Do you connect bodies/wicks/both?
Reply
Mostly wicks, but if wicks didn't give proper pattern then candle
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VPS InsiderB
Appreciate it
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