WHY we can do a short trade ?? because based on weekly trend USDCAD is bearish, so we can predict when CAD dollar strong we can do a short trade.
Besides that in the last 3 days, the black gold cannot push higher than 60 and a bearish hagging man on a daily chart was formed yesterday.
I set a huge stop loss in order to do add more sell at 61 (can be a right shoulder formation)
Entry: 59.50
Stop Loss: 61.50
Target profit: 56
I will give u an update for further changes if necessary. Good luck
Besides that in the last 3 days, the black gold cannot push higher than 60 and a bearish hagging man on a daily chart was formed yesterday.
I set a huge stop loss in order to do add more sell at 61 (can be a right shoulder formation)
Entry: 59.50
Stop Loss: 61.50
Target profit: 56
I will give u an update for further changes if necessary. Good luck
Trade closed manually:
close manually on 20 Dec 2019