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AntonNguyen

USDCAD - Aug 1 2019 - SHORT

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AntonNguyen Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance Trend Lines
4
2
trendanalysis supportandresistance trendline
Decided to sell USDCAD based on the analysis:

- Exit the line supporting the uptrend on the D1 time frame
- If today's candle is closed with a Shooting Star Candlestick, the probability of success of this signal will be higher. This is a resistance zone and Shooting Star Candlestick appears and this shows that the selling side has prevailed over the buying side
Comment:
I have my own capital management plan with this RR rate. If you think this RR is quite high, I recommend:

Entry: 1.32200
SL: 1.34410
TP: 1.28130

with risk of 2% of capital
Trade active
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