Technician

USDCAD: Possibly a Quick Pullback

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
1
Update: stopped out
Profit/loss(pips)= -60
Price forms some bearish pin bars at the first test of a monthly resistance at 1.0855, probably we may see a minor pullback.


**Trade number 58
**Accumulated profit/loss(pips)= 2242

Still Active Trades: 1 @
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.