USDCAD h12 risk/reward shifting in bears favor

🔸Hello traders, let's review the 12hour chart for USDCAD today. We are locked inside
trading range recently, currently this swing is getting overextended on all timeframes,
therefore expecting limited upside going forward.

🔸Trading range is defined by range highs at 3740 and range lows at 3320, premium
prices overhead at 3800 and 3880 and below at 3240 and 3180. Risk/reward shifting
in bears favor as this bull run is getting overextended currently.

🔸Recommended strategy for USDCAD traders: short sell rips/rallies near 3660/3690
stop loss fixed 50 pips TP1 +150 pips TP2 +250 pips. good luck traders!

🎁Please hit the like button and
🎁Leave a comment to support our team!

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.