Possible Short USD/CAD position!!

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H8
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Currency Pair creating a Double Top . USD will move into consolidation towards the end of the week followed by a south movement towards the @1.307 level.
B – Beliefs
Market will be rejected at @1.3343 area and move towards the first Target 1 level @ 1.307 level.


USDCAD

Trade Management
Entered @ Still waiting for confirmation
Stop Loss @ 1.341
Target @1.307
Risk/Reward @ 3:1

Happy trading. Will let you know closer to the time if or when executed:)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!