USDCAD Potential Short Trading Plan
USDCAD is looking very bearish on W1 chart as price is getting rejected from MN resistance TL for 7 times
Last 3 week price really attempted hard to break and close above the resistance TL but all the attempts
were nonsense.
On D1 chart we may notice that price has closed as a Bearish Engulfing Price action pattern.
On H4 chart we may notice a Triple Top pattern. that indicates the start of a good downtrend movement.
On H1 Chart if price will form a bearish H&SH pattern I am going to short this pair with Stop Loss above the
confirmation sell pattern signal on right shoulder with ATR calculation and Take Profit limits based on major
Support Zones
Last 3 week price really attempted hard to break and close above the resistance TL but all the attempts
were nonsense.
On D1 chart we may notice that price has closed as a Bearish Engulfing Price action pattern.
On H4 chart we may notice a Triple Top pattern. that indicates the start of a good downtrend movement.
On H1 Chart if price will form a bearish H&SH pattern I am going to short this pair with Stop Loss above the
confirmation sell pattern signal on right shoulder with ATR calculation and Take Profit limits based on major
Support Zones
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