USDCAD Broadening Formation Sale trade

24 июл. 2019 г.

USDCAD Is Following Broadening Formation Pattern where Market is right now is on Resistance Level plus yesterday candle showing bearish pin bar we have very Good Rejection and very Good Risk to Reward ratio.

There is 25 pips Risk and 150 pips Reward

Entry point 1.31419

1st Target: 1.31228
2nd Target: 1.30904
3rd Target: 1.30257
4th Target: 1.29918

Stop loss: 1.31678


What is a Broadening Formation.
A broadening formation occurs during high volatility when a security shows greater movement with little direction. It can be identified by a series of higher pivot highs and lower pivot lows.

Note: This is only for Educational Purpose this is not Investment advice.

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Thanks
Adil Khan.