USDCAD Dropdown and Break Trenline

11 thg 3

USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line
So now the uptrend has been broken.
We can consider entering an order

#1 Sell: 1.34958 fibo zone 23.6%
Stop loss: 1.35520
Take profit: 1.33889 at fibo 50%

#2 Sale: 1.35211
Stop loss: 1.35521
Take profit: 1.33429 at fibo 61.8%

#3 Follow the price movement closely. You can close half of the order when the price touches the 38.2% fibo line: 1.34370 and move the SL to the entry point to preserve profits.

#4 You should only enter a maximum of 1-2% equity.

#5 Good luck to you.