Hello traders, we are witnessing the formation of multiple rejection
candlesticks in USD/CAD in the 4hour chart. 1.3730 level could
act as a resistance.
If the level holds, selling USD/CAD@1.3710-1.3730 with SL above
1.3780 and TP at 1.3550 is a potential sell trade.
The above set-up would be valid only if price doesn't break the
region that I have highlighted in my chart
candlesticks in USD/CAD in the 4hour chart. 1.3730 level could
act as a resistance.
If the level holds, selling USD/CAD@1.3710-1.3730 with SL above
1.3780 and TP at 1.3550 is a potential sell trade.
The above set-up would be valid only if price doesn't break the
region that I have highlighted in my chart
Note
Price is still in the resistance zone
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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.