USDCAD Bearish Opportunity
Updated
As a Trendy Trader, I always look for trades which is validated by Daily Trend. In USDCAD, 2 consecutive trades had been found which went bearish.
After those 2 bearish movements, the price remain sidways for almost two weeks. At Last, It reached to our target where bears have been waiting since 12 July 2019.
If HISTORY REPEATS ITSELF applied on this trade then It will be an enough profit for us as we already Bought Loonie. Refer to the following Posts for buying of Loonie against other currencies.
https://www.tradingview.com/chart/CADCHF/7gLIFAFJ-CADCHF-Bullish-Oppostunity/
https://www.tradingview.com/chart/CADJPY/3hG9Oz6z-CADJPY-Bullish-Opportunity/
We are also Buying CAD against EUR but that didn't posted here.
Signal
USDCAD Sell Stop @ 1.3115
SL 1.3150
TP 1.3050
My each risk is 2% of my account.
My lot size for this trade 0.08
Risking pips 35
Rewarding Pips 65
patience is necessary.
- 1st Bearish Movement from 02 July 2019 till 04 July 2019.
- 2nd bearish rally hapened from 10 July 2019 till 12 July 2019.
After those 2 bearish movements, the price remain sidways for almost two weeks. At Last, It reached to our target where bears have been waiting since 12 July 2019.
If HISTORY REPEATS ITSELF applied on this trade then It will be an enough profit for us as we already Bought Loonie. Refer to the following Posts for buying of Loonie against other currencies.
https://www.tradingview.com/chart/CADCHF/7gLIFAFJ-CADCHF-Bullish-Oppostunity/
https://www.tradingview.com/chart/CADJPY/3hG9Oz6z-CADJPY-Bullish-Opportunity/
We are also Buying CAD against EUR but that didn't posted here.
Signal
USDCAD Sell Stop @ 1.3115
SL 1.3150
TP 1.3050
My each risk is 2% of my account.
My lot size for this trade 0.08
Risking pips 35
Rewarding Pips 65
patience is necessary.
Trade closed: stop reached
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