LDForex_

USDCAD- Descending Triangle Breakout and Enter At Reversal!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
- Very good opportunity to go for a short position on this pair at the reversal of the supply zone .
-Another confluences is the EMA is above price which shows bearish trend of the pair.
-Wait for a strong bearish candle at the supply zone and enter the trade.
Let's see what happens during the week!
Comment: Price is currently in consolidation and did not reach the level expected but it would have an okay breakout trade with a small risk to reward ratio.
Trade closed: target reached:
Comment: The trade closed with a risk to reward ratio of 1:5 !!!