Trading Idea 016: USDCAD
Updated
Market Conditions:
- bearish trend
- bearish sentiment in the market
Key Level and Lines:
- 1.33500 support
Trading Ideas:
- go short after a consolidation above the support
- go long if the price reverses from the support and the market shows bullish sentiment.
- bearish trend
- bearish sentiment in the market
Key Level and Lines:
- 1.33500 support
Trading Ideas:
- go short after a consolidation above the support
- go long if the price reverses from the support and the market shows bullish sentiment.
Note
Plan A failed. Plan B worked. The price reached the 1st target = 1:3 r/r ratio.
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