USDCAD: The Perfect Sell Opportunity

If we talk about the perfect trade, this is a good example. It is the perfect one from the TA point of view. The price reverses from the upper line of the price channel. RSI confirms the price reversal. MACD supports a possible downward movement. We have a trend reversal signal based on a bearish divergence.

Entry Price: below 1.31760
Stop Level: above 1.32120
Profit Level: at 1.31105

Risk per trade must be no more than 1% of your capital. If the price reaches 1.31400 level, it will be possible to move stop orders to breakeven.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.