🎯 USDCAD Going down ↘

Hello Traders,

In this Analysis you can see that the USDCAD price on the 30-minute chart is hitting a resistance level at 1.2617, there is a possibility for a SELL position.

What we look for:
short positions below 1.2650 with targets at 1.2585 & 1.2565 in extension.

If trend will change:
above 1.2650 look for further upside with 1.2680 & 1.2710 as targets.


My entry details:

- Entry Level: 1.2617
- Take Profit level: 1.2565
- Stop Loss level: 1.2680
- Risk: 1% of balance

*This Analysis is for educational purposes only and is not financial advise.