USDCAD BEARISH MORNIG STAR Low Risk Monday Setup
U.S. Dollar/Canadian Dollar FX:USDCAD
We’ve got a great looking Bearish Morning Star Setup as seen on the left Daily Chart . The Entry will be on the break of the close from Friday’s session.
On the right, I’ve moved into the 1 HR Chart, you can see a 12 PIP Stop loss setup ( or maybe even better if you wait for a small pull back and then bread down).
The Take Profit is identified by the previous support which also happens to the the real-time Pivot Point based on a 15 period look back.