Short USD/CAD: USD/CAD is likely to retrace after the recent rally as the price broke the bullish trendline and dropped below a key support area
Short USD/CAD: USD/CAD is likely to retrace after the recent rally as the price broke the bullish trendline and dropped below a key support area
Open ProfitSignal timeline
Stop loss
$1.452
(-1.33%)
Entry zone
$1.433
$1.431
Take profit 1
$1.425
(0.56%)
Take profit 2
$1.405
(1.95%)
Take profit 3
$1.3756
(4.01%)
Trading signal summary
| Buy/sell asset | Sell USD/CAD |
| Entry zone | $1.433 - $1.431 |
| Stop loss | $1.452 |
| Portfolio risk | 1% |
| Leverage | 1:100 |
| Take profit 1 | $1.425 |
| Take profit 2 | $1.405 |
| Take profit 3 | $1.3756 |
| Est. trade duration | 1-4 Weeks |
| Maximum profit | 4.01% |
| Maximum loss | -1.33% |
| Overall trade risk | Low |
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