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FX618Analysis

POSITION TRADING: USDCAD SELL LIMIT ORDER. TARGET 1.30200

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USA-dollar/Kanadensisk dollar (FX:USDCAD)  
FX618Analysis Uppdaterad   
FX:USDCAD   USA-dollar/Kanadensisk dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD selllimit short support Support and Resistance Demand Zone Supply Zone breakout
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trendanalysis chartpattern indicator usdcad selllimit short support supportandresistance demandzone supplyzone breakout
TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 1.35400
STOP LOSS: 1.40600
TAKE PROFIT: 1.30200
RISK TO REWARD: 1:1

ANALYSIS: Price broke the demand zone/ support and is likely looking to aim for upcoming demand zone/ support. stop loss ideally placed above supply zone/ swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
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