CollegeofPips

USD/CAD | Potential Downward Movement

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OANDA:USDCAD   美元 / 加元
💡 Trade Idea

📉 Sell Limit USD/CAD @ 1.2772

🎯 Target Profit 1.2623

🛑 Stop Loss 1.2838

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:
The market has moved lower and then posted a higher correction near the resistance trendline. The price now is traded near the 50% Fibonacci pullback indicating a potential move downward towards the 1.2623 level.

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