USDCAD short position, I have sold this pair for many reasons, one reason is that USDCAD has had a major sell-off for more than two weeks; has been forming lower lows and lower highs...
Price has reached the 0.786 area @1.25680 and has shown major resistance, such as wicks and LL/LH on smaller time frames.
USDCAD has also formed a double top that may indicate a reversal.
I am risking 2% on this trade. Risk to Reward on this trade is 1.2.
Price has reached the 0.786 area @1.25680 and has shown major resistance, such as wicks and LL/LH on smaller time frames.
USDCAD has also formed a double top that may indicate a reversal.
I am risking 2% on this trade. Risk to Reward on this trade is 1.2.