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USDCAD- Descending Triangle Breakout and Enter At Reversal!

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
LDForex_ Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators usdcadshort Descending Triangle reversal Technical Analysis USDCAD sniperentry topdownanalysis swingtrading
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trendanalysis chartpattern indicator usdcadshort descendingtriangle reversal technicalanalysis usdcad sniperentry topdownanalysis swingtrading
- Very good opportunity to go for a short position on this pair at the reversal of the supply zone.
-Another confluences is the EMA is above price which shows bearish trend of the pair.
-Wait for a strong bearish candle at the supply zone and enter the trade.
Let's see what happens during the week!
Comment:
Price is currently in consolidation and did not reach the level expected but it would have an okay breakout trade with a small risk to reward ratio.
Trade closed: target reached:
Comment:
The trade closed with a risk to reward ratio of 1:5 !!!
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