Hey, I am back with another of my Forex trade idea.
I've decided today to share another simple Support and resistance trade.
As you may know, USDCAD is in a daily downtrend, and we want trade with the trend, so we will be looking for a short position in the resistance area.
Let me know what you think about UC in the comments.
Don't forget to follow me, to not miss out on a good trade opportunities😉
Each Like is very much appreciated! 🙌
I've decided today to share another simple Support and resistance trade.
As you may know, USDCAD is in a daily downtrend, and we want trade with the trend, so we will be looking for a short position in the resistance area.
Let me know what you think about UC in the comments.
Don't forget to follow me, to not miss out on a good trade opportunities😉
Each Like is very much appreciated! 🙌
Note
15 min chart still showing some strength.. may even see a spike up and then down.. may be a good time to enter soon.. Keep your eye on 15 min RSI, when below 60, should see a leg up.Trade closed: stop reached
Stop loss has been hit, -20 pips on this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.