TheRZA
Short

Following the trend 2 - USDCAD - retest entry

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
After the Bears took control at 1.36500, a very strong bearish momentum has pushed the market in a strong downward trend, retesting off resistance zones as it continues to decline.

As our previous trade successfully closed breaking past both of our targets. We are looking for another retest entry to profit from the bearish momentum.

Steps needed:
-Price needs to break past the support zone
-Price must make a corrective movement back to retest the broken support zone .
-We short the pair upon the confirmation of retest of 1.32536

As always we'll have multiple targets.
Our first target will be at 1.31961
Our final target will be at 1.31611

Happy Trading

-Juff
Trade closed: target reached: Target 1 reached
Trade closed: target reached: Target 1 reached move SL to Breakeven.

Comments

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