We have pattern in Usdcad though there are wicks pierced through upside, if you check on lower timeframe (15mins) it may be . Just right above current levels of Usdcad we have 1.3200's, Usdcad touched n came back.
While shorting Usdcad ensure 3 things ,
(i) Valid breakout downside with close
(ii) Proper stops above (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...