USDCAD was finally able to break through the consolidation where it has been trading for two weeks, having a bullish breakout has activated the P1 from the previous analysis, currently fighting against the last line of defense established by the 200 DMA.
MACD shows a bearish divergence, giving the trade some sour tone. With the trade already running, we must move into a shorter time frame to capture an early signal of reversion, allowing the prompt trade management in loss/profit
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:2 -
T/P: aiming towards next demand zone
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
MACD shows a bearish divergence, giving the trade some sour tone. With the trade already running, we must move into a shorter time frame to capture an early signal of reversion, allowing the prompt trade management in loss/profit
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:2 -
T/P: aiming towards next demand zone
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Related publications
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.