Based on a few confluences, I am short on USDCAD. Some of the confluences include a head and shoulders formation on the 4 hour. There is also a break and retest of an inner trend line.
Shorted on the break of the neckline.
Expecting a move to the ~1.3350 level.
Risk/Reward: 1:2
-Best Regards and Safe Trading
Shorted on the break of the neckline.
Expecting a move to the ~1.3350 level.
Risk/Reward: 1:2
-Best Regards and Safe Trading
Note
Despite the short squeeze that I've seen I'm still in on this. Sold on the rally. Locked in another 100+ pips. :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.