fxidgroup
Short

USDCAD high probabilty setup

FX:USDCAD   U.S. Dollar / Canadian Dollar
Scenario #1
Candle break the weekly resistance,
and now becoming new possible support.
We will wait for a retest and continuation.
Target next monthly resistance.

Scenario #2
Candle false break the weekly resistance,
and back down.
Weekly resistance level still valid.
Short position with target at lower trend line .

Scenario #3
Possibility entering consolidation area.
Wait for confirmation.
Possible breakout.
Comment: Bull and bear keep fighting on the key level resistance.
after today daily candle closed... we will have a confirmation :)
Trade active: yesterday, bear win the fight, and price break again below the key resistance..
possibility scenario #2 to short it with positive 1:2 RR ratio
Comment: currently ++pips
Comment: BEP +10 pips.
its now a risk free trade.... !
Comment: BOC interest rate decision = 0.5
Trade closed: stop reached: TP only +10 pips after hit trailing stop.

thank you :p
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