USDCAD, Elliot Wave theory in play. Last motive wave to point 5. I am bearish on this pair, with the target to 1.25 area
Reason : - Price retest and rejection on fib level 50% . - Lower low formed on overall trend on 4-hourly chart. - EMA line above, creating a dynamic resistance above - Potential to reach next support points :
Short at CMP or 1.2600 area; TP -1.25 , SL 1.2640 area.
Risk Reward 1:1.9 Always remember to trade with stop-loss, market is crazy & cunning*
Сделка закрыта: достигнута тейк-профит цена
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Target hit as per analysis, zero drawdown trade ! Happy Friday secured bags $$$