usdcad daily short rips/rallies tp +250 pips

🔸Hello traders, let's review the daily chart for USDCAD today. Recently price was locked
inside accumulation/distribution trading range and subsequently we got rejected from
3730 range highs near premium prices. currently bears taking over and expecting more
losses in this market. risk reward shifting in bears favor now.

🔸Trading range is defined by range highs at 3730 and range lows at 3300, premium
prices overhead at 3785/3865 and below at 3255/3185.

🔸Recommended strategy for USDCAD bears: short sell rips/rallies stop loss fixed at
3700 TP1 + 150 pips TP2 +250 pips final TP exit at 3300. swing trade setup, patience
required. good luck traders!

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Komentar:

risk/reward shifted in bears favor