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Cmasterza

USDCAD Trade Idea

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Cmasterza Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns cmasterza chartmaster profitfx profitfxza USDCAD usdcadtrade usdcadtradeidea usdcadswing usdcadshort
5
0
trendanalysis indicator chartpattern cmasterza chartmaster profitfx profitfxza usdcad usdcadtrade usdcadtradeidea usdcadswing usdcadshort
This is a classic example of the TLS trading system using price action:

Trend = down
Level = resistance
Signal = bearish engulfing (and a hanging man with confirmation)

Stop loss @ 1.32199 and
Take profit @ 1.30871

30 pip risk for 100 pip reward

Dont bet the farm and always exercise healthy risk management :)
Trade closed: stop reached:
- 30 pips
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