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In this Analysis you can see that the USDCAD price on the 30-minute chart is crossing the baseline a there is a possibility for a SELL position.
What we look for:
short positions below 1.2650 with targets at 1.2585 & 1.2565 in extension.
If trend will change:
above 1.2650 look for further upside with 1.2680 & 1.2710 as targets.
My entry details:
- Entry Level: 1.26170
- Take Profit level: 1.25650
- Stop Loss level: 1.26800
- Risk: 1% of balance
*This Analysis is for educational purposes only and is not financial advise.