USDCAD Short

9 Okt

USDCAD looks like a sell on the H4 and has been moving steadily down from my last entry in UC. I believe that there will be a potential double top move looking to move towards the 1.35800s towards the 1.35371 prior to a pullback or further breakdown of the pair. I am looking for this mainly to be a day trade, however, I will also be placing a swing trade for my other trading accounts to bare in mind to also use PROPER risk management. RSI also indicates that we are long overdue a major short and will see it within the next few candles how far USDCAD can go.

ENTRY: 1.36595

TP 1 (Day Trade): 1.35371

TP 2 (Swing Trade): 1.34806

SL: 30 pips from entry

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