USDCAD Multiple Rejections at the resistance level 1,300
Hey Guys,
As you can see, USDCAD has finally started to dip and as you can see, there is a strong resistance level at 1,3000 as it has hit the resistance level 3 times
Hence, I think it is a good time to start to short this trade
I would take some profit at the 0.168 level but my main target would be below the 0.5 level.
T/P1 at 1.2715
T/P2 at 1.2615
S/L at 1.3010
R:R at 2.1
Don't forget to share your comments and don't trade more than 2% of the capital.
Hope you can get some profit out of this trade
Cheers!
As you can see, USDCAD has finally started to dip and as you can see, there is a strong resistance level at 1,3000 as it has hit the resistance level 3 times
Hence, I think it is a good time to start to short this trade
I would take some profit at the 0.168 level but my main target would be below the 0.5 level.
T/P1 at 1.2715
T/P2 at 1.2615
S/L at 1.3010
R:R at 2.1
Don't forget to share your comments and don't trade more than 2% of the capital.
Hope you can get some profit out of this trade
Cheers!
Let's wait for the pullback 0.786 level if you want to short again.
I would still aim at the 0.5 level
Cheers!