From TradingView · · 30s
USDCAD drops 125 pips in three days
Nambou_Signals predicts USDCAD will fall further after three days of sharp declines.
In brief
Nambou_Signals predicts USDCAD will fall further after three days of sharp declines. Nambou_Signals plans to short USDCAD at 1.40424-1.40590 with stop loss at 1.41341. Originally reported by TradingView.
USDCAD drops 125 pips
USDCAD fell 125 pips in three days with three red daily candles in a row.
“USDCAD printed three red daily candles in a row and lost about 125 pips”
Short setup plan
Nambou_Signals plans to sell at 1.40424-1.40590 with stop loss at 1.41341.
“Entry zone: 1.40424 to 1.40590 Stop loss: 1.41341”
Risk and target
Trade targets 1.39507 with 1:1.2 risk to reward ratio by 27 november.
“Target: 1.39507 Risk to reward: 1:1.2 from the middle of the zone”
The takeaway
Nambou_Signals plans to short USDCAD at 1.40424-1.40590 with stop loss at 1.41341.
