USDCAD Trade SetUp

by ashaab on 5:58 PM in Forex trade setups, USDCAD

Looking for a retest of the main broken falling channel as price forms multiple pin bar candles at rising channel resistance. A slight divergence on RSI as well.

I sell USDCAD at current market price and targets are T1 = 1.05150 and T2 = 1.04900 with stop loss at 1.06050.

About ashaab
Been trading the forex market since 2003. Learned a lot of different trading strategies and met some good traders willing to teach me. At the end i have choose ichimoku and Harmonic patterns as my main strategies beside using support and resistance. I will share in this blog about my trading activities and trade analysis. Hope who ever read my blog will find it useful..