USDCAD short opportunity at resistance

25 juin 2018

USDCAD has reached a resistance level and has printed a bearish rejection candle off that level indicating a probably down turn in price. Looking for a retracement entry to get in short.
Entry at 1.3317
SL 1.3385
Target around 1.305 - 1.31

25 juin 2018

Note

Counter trend trades are inherently riskier so only risk a small percentage of your account

27 juin 2018

Note

no follow through so getting out at break even

29 juin 2018

Note

Big bearish candle printed yesterday signaling likely bearish continuation. Second chance entry at 1.3315, SL above 1,3390. The entry probably won't be hit, but worth a shot