SHORT ON USD/CAD
Price has broken the support area of a long term rising wedge.
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than expected.
Here is the play:
Sell stop order
entry = 1.36419
stop loss = 1.36821
take profit = 1.34307
Since the breakout it has retested the highs of the wedge making a double top pattern on the higher timeframes and currently making lower lows and lower highs.
The dxy is also showing weakness.
I expect this pair to fall through the day especially if the job openings reports show lower numbers than expected.
Here is the play:
Sell stop order
entry = 1.36419
stop loss = 1.36821
take profit = 1.34307
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.