USDCAD Weekly Range Trading

4 hours chart : Momentum is weak after the breakout key resistance level

4 hours chart plan

A. Falsebreak , sell target 1.2948 and 1.2831

B. engulfing bar ( or reversal pattern )  rejection from 1.3074 or 1.3048 = bullish signal

  • could target 1.3160 and bullish continuation


Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.