Watch For Double Top Neckline on Usdcad ~ standard bank forex trading reviews
In the last post on usdcad where I forecast a bearish move. Read the analysis here. I put a sell order and since I have been raking about 180pips risking just 85pips.
I closed about 60% of my trade and will allow the rest to run as i watch price action along the way. I might also add to my position if I see a good bearish continuation wave set up.
Presently market is moving well and more bearish move is expected especially if the srong intra day support indicated below is bridged.
I also spotted a reversal double top formation which if completed could add more reasons to why I chose to sell Usdcad
Watch out as price play the game and we follow
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