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Xolo333
Nov 12, 2023 6:10 AM

USD CAD SHORT PLEASE READ MI ENTRY OPINIONS Short

U.S. Dollar/Canadian DollarFXCM

Description

Hello everyone, I share my next trade idea to enter short, in the USD CAD pair, as an analysis, I share my following points for which I decide to enter short:


1* The price made a double top in the area marked by the yellow rectangle, rejecting 1.39000

2* After having broken the bottom of that double top, the price continued to fall and has now made a pullback to the area marked in pink

3* The price having reached the price of 1.38500 rejection with a shooting star type candle. which I have wrapped in a blue circle.

4* In a period of 15 minutes I have marked a mini trend with a green line which has been broken to continue the downward trend.
Comments
SADAF_Trader
how nice
TheFxAce
Your sell strategy appears well-founded amid these uncertain market conditions.
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