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dinomalik

USDCAD Sell - Downtrend Continuation

Short
U.S. Dollar / Canadian Dollar (PEPPERSTONE:USDCAD)  
dinomalik Updated   
PEPPERSTONE:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Fibonacci Support and Resistance USDCAD usdcadshort usdcadforecast usdcadanalysis usdcadsell usdcadsetup usdcadsignal usdcadidea usdcadtrade
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trendanalysis fibonacci supportandresistance usdcad usdcadshort usdcadforecast usdcadanalysis usdcadsell usdcadsetup usdcadsignal usdcadidea usdcadtrade
USDCAD Sell/Short, Continuation of Downtrend.

Entry: 1.29454
1) Has lined up with golden level 0.618 Fibonacci retracement level for recent swing high
2) Top of a short term bear flag channel and short term recent resistance

Stop Loss: 1.29834
1) Above 0.786 Fibonacci retracement level
2) Just above some swing highs on Daily Chart

Take profit (3): 1.27059
TP1 1.29044
TP2 1.28235
TP3 1.27097
Comment:
TP1 Hit
Narrow down stop loss or move to breakeven
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