TradingView
Adefxc
Mar 19, 2023 11:04 PM

Bearish setup on USDCAD Short

U.S. Dollar / Canadian DollarFOREX.com

Description

Hi Traders,

Check this out - USDCAD could start a fresh bearish momentum, after breaking of the bullish trend.

However, with the uncertainty on how heavy FED could bump dollar this is better wait on for a break below the Triangle pattern before looking for a better short trade entry.

That is what i will do, provided that we get a solid breakdown and retest of the "Pennant like descending Triangle".

Watchout

Comment

TRADE RUNNING REALLY WELL - +300PIPS

Comment

TARGET ACHIEVED 10%

More