USDCAD short opportunity at resistance
USDCAD has reached a resistance level and has printed a bearish rejection candle off that level indicating a probably down turn in price. Looking for a retracement entry to get in short.
Entry at 1.3317
SL 1.3385
Target around 1.305 - 1.31
Entry at 1.3317
SL 1.3385
Target around 1.305 - 1.31
Nota
Counter trend trades are inherently riskier so only risk a small percentage of your accountNota
no follow through so getting out at break evenNota
Big bearish candle printed yesterday signaling likely bearish continuation. Second chance entry at 1.3315, SL above 1,3390. The entry probably won't be hit, but worth a shot
Penafian
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