InsiderB
Short

Short USDCAD : Ripe for Breakout !

FX:USDCAD   U.S. Dollar/Canadian Dollar
2 months ago
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...
2 months ago
Trade active: Moved my stops to Breakeven
2 months ago
Comment: Target achieved

*** With Great Power, there comes Great Responsibility ***
VPS
2 months ago
How do you draw support/resistance? Do you connect bodies/wicks/both?
Reply
InsiderB VPS
2 months ago
Mostly wicks, but if wicks didn't give proper pattern then candle
Reply
VPS InsiderB
2 months ago
Appreciate it
Reply
MANOLIS PRO
2 months ago
I didnt see it before that was amazing, very good job
Nice simple Price patterns
NICE.!!!!!!!!!!
Reply
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