USDCAD | M15 Short Trade Active on Trendline Retest
🔥 A fast-paced short trade is now active on the USDCAD 15-minute chart!
We're seeing a classic "break and retest" setup. After breaking the short-term ascending trendline, the price has pulled back perfectly to the broken structure, which is now acting as resistance. The price is currently inside our entry zone, signaling a potential move down.
This trade is now considered active.
Trade Parameters (Active):
🛡️ Pro tips for this trade:
⚠️ **Key Driver:** Keep a very close eye on Crude Oil (WTI) prices! A rising oil price strengthens the Canadian Dollar and is the perfect fuel for this short setup. A falling oil price would work against this trade.
🧠 This is a scalping setup with a very tight stop loss. Managing the trade actively is crucial.
Let's see if we can get a quick win here! Hit Boost🚀👍 if you're in this trade.
We're seeing a classic "break and retest" setup. After breaking the short-term ascending trendline, the price has pulled back perfectly to the broken structure, which is now acting as resistance. The price is currently inside our entry zone, signaling a potential move down.
This trade is now considered active.
Trade Parameters (Active):
- 🔽 Direction: Short / Sell
- 🎯 Entry Zone: ~1.38553 - 1.38600
- ✅ Take Profit 1: ~1.38500
- ✅ Take Profit 2: ~1.38400
- 🚫 Stop Loss (SL): 1.38634
- 📊 Potential Risk/Reward Ratio (to TP2): ~2.9
🛡️ Pro tips for this trade:
⚠️ **Key Driver:** Keep a very close eye on Crude Oil (WTI) prices! A rising oil price strengthens the Canadian Dollar and is the perfect fuel for this short setup. A falling oil price would work against this trade.
🧠 This is a scalping setup with a very tight stop loss. Managing the trade actively is crucial.
Let's see if we can get a quick win here! Hit Boost🚀👍 if you're in this trade.
Dagangan ditutup: sasaran tercapai
TP1 touchedNota
USDCAD M15 Short Trade
Trendline Retest Setup
Full Target Achieved 🎯💰
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.