USDCAD- Big Long Opportunity Almost Ready
USDCAD has reach major key inflection point on the daily timeframe. What interseting is it approach this major key area with Descending corrective stucture which usually give signal for a move to the upside. The price has now rejected impulsively from the bottom of this descending structure. In addition it is now alreaddy forming a bullish continuation structure on lower TF (M30-H1).
I will take the break of this bullish continuation pattern as the trigger to my buy entry with sl below the continuation structure. There is a massive reward available if the price continue to move upside. On the other hand, i always use position sizing so i just risk 1% of my account / trade. With this massive risk reward ratio, this setup is surely a trade to take.
Good luck
I will take the break of this bullish continuation pattern as the trigger to my buy entry with sl below the continuation structure. There is a massive reward available if the price continue to move upside. On the other hand, i always use position sizing so i just risk 1% of my account / trade. With this massive risk reward ratio, this setup is surely a trade to take.
Good luck
Trade active
Price break the bullish continuation flag now, so i took long entry with sl below the flagNote
Running 1 % now, Sl moved to bep,.. risk free trade..:)Note
Update : Now Running +1% ++. Move to to 1.30400. Lets see if the price can keep going further...Note
update: move sl to 1.30900,.. securing 1%++ profit..Trade closed manually
Update on USDCAD trade that share before, this trade hit my trailling sl at 1.30900, securing 1 % profit. Lets see if we can find another reentry opportunity..
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