As you can see a small trend line on the daily chart, every time it hits the resistance it comes back down to the trend line before going up again.
For confirmation I shall wait for a few bearish signals including bouncing off the bollinger bands, hitting resistance and a swing high.
If the USDCAD swings high short to 0.0112 and place a stop loss of 0.00741.
Please place trade at your own discretion.
I am fully aware indicators may not be the most reliable when it comes to trading, in this situation I am using the Bollinger bands and stochastic indicator.
For confirmation I shall wait for a few bearish signals including bouncing off the bollinger bands, hitting resistance and a swing high.
If the USDCAD swings high short to 0.0112 and place a stop loss of 0.00741.
Please place trade at your own discretion.
I am fully aware indicators may not be the most reliable when it comes to trading, in this situation I am using the Bollinger bands and stochastic indicator.
Note
I have placed a sell order.Short: 1.31593
SL: 1.3189
TP: 1.30117
Transaction en cours
Trade fermée: ordre d’arrêt atteint
Note
In this case USDCAD has been in an uptrend, if you had entered later and put the stop loss higher, shorting USDCAD would have made you profit.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.