usdcadshortsetup

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traderimperium traderimperium USDCAD, 240, Short ,
25 0 0
USDCAD, 240 Short
USDCAD Short set up

USDCAD had a bullish engulfing candle on daily chart followed by rejection at key level at 1.32230 on 4 hourly chart suggesting likely short set short up. Suggested set up: Entry @ 1.32230 Stop loss @ 1.32723 TP1 @ 1.31475 TP2 @ 1.30810 TP3 @ 1.30016 TP4 @ 1.29290 RP

MorshedMustafa MorshedMustafa USDCAD, D, Short ,
59 0 3
USDCAD, D Short
USD CAD BREAKS UPTREND

The pair seems to have formed a downtrend channel and I am trading the Fibonacci cycle to the 1.618 Fibonacci Extension Level. Reward Risk Ratio 6:1

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