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Short

USDCAD / H4 / Daily Forex Technical Analysis / 7.23.2019

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders, welcome to the Daily Forex technical analysis . Today is July 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar . Looking at the 4 hour time frame we are looking for price action to reach the 1.31 key resistance area for a loss in momentum and possibly an opportunity to find a profitable short. Entry for a Short position near the 1.31623 area, with a Stop Loss near the 1.32073 zone, with a target profit level area of 1.30697 could ensure a profitable trade with a 2.06 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Comment: Target profit level area is 1.30697 not 1.31554 sorry! For the green dialog box on display!
thanks for your work, would appreciate if you also took value from mine
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