SMPTrader

Possible Short USD/CAD position!!

Short
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H8
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Currency Pair creating a Double Top . USD will move into consolidation towards the end of the week followed by a south movement towards the @1.307 level.
B – Beliefs
Market will be rejected at @1.3343 area and move towards the first Target 1 level @ 1.307 level.


USDCAD

Trade Management
Entered @ Still waiting for confirmation
Stop Loss @ 1.341
Target @1.307
Risk/Reward @ 3:1

Happy trading. Will let you know closer to the time if or when executed:)


Follow your Trading plan, remain disciplined and keep learning !!

Please Follow, Like,Comment & Follow
Thank you for your support :)

This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Follow your Trading plan, Remain disciplined and keep learning !!

Please Follow, Like,Comment & Follow
Thank you for your support :)

This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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.