The Old Trade is continuing now. As I told before that USD/CAD will rise til 1.26500 and then I will Short.
It seems that Short/Sell time have arrived. I will Short USD/CAD after a Retest of Broken Support level.
Risk-Return Ratio for the trade is 1:7.4 with Strict Stop Loss of 13 Pips intact.
Note: Do your own analysis before taking the trade.
Short/Sell: 1.26510 - 1.26350
Stop Loss: 1.26630
Targets: 1.25840 & 1.25000
Indicators used: Moving Average (MA) and Relative Strength Index (RSI).
Concept: Analysis is based on Market Structure, Moving Averages, Strength of the pair and Supply/Demand Zones.
It seems that Short/Sell time have arrived. I will Short USD/CAD after a Retest of Broken Support level.
Risk-Return Ratio for the trade is 1:7.4 with Strict Stop Loss of 13 Pips intact.
Note: Do your own analysis before taking the trade.
Short/Sell: 1.26510 - 1.26350
Stop Loss: 1.26630
Targets: 1.25840 & 1.25000
Indicators used: Moving Average (MA) and Relative Strength Index (RSI).
Concept: Analysis is based on Market Structure, Moving Averages, Strength of the pair and Supply/Demand Zones.
