Daniel.B

Doji Rejection at Resistance

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
8
Well this is a simple technical trade, W1 Doji was formed at resistance outlined on the chart showing the bulls inability to take price higher above resistance and sellers entering the market. So that was my basis for entering short, simple and straightforward. TP1 is roughly 1:1 Risk/Reward and at minor D1 Chart support. TP2 is at W1 & D1 Chart support.

Cheers =)
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.