USD has been one of the weakest forex pairs since March.
Looking at the 4hr chart it has been making the pattern of lower highs against CAD since 19th of March and has matterialized a two months decending triangle that got confirmed by breaking below the floor of the pattern last week.
The previous support zone of the pattern should now act as resistant and a pull back to that level can be a good entry for a short trade.
The target of the patter is around 1.3450 which coinsides with a gap in that zone and a horizontal support zone.
This setup provides a 3 to 1 risk to reward trade.
Looking at the 4hr chart it has been making the pattern of lower highs against CAD since 19th of March and has matterialized a two months decending triangle that got confirmed by breaking below the floor of the pattern last week.
The previous support zone of the pattern should now act as resistant and a pull back to that level can be a good entry for a short trade.
The target of the patter is around 1.3450 which coinsides with a gap in that zone and a horizontal support zone.
This setup provides a 3 to 1 risk to reward trade.
ノート
ノート
almost at the target. :)
ノート
ノート
scaling out of this position.トレード終了: 利益確定目標に到達
ノート
ノート
+3R
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。