A long opportunity on USDCAD
Updated
This is a counter trend trade. However I see USDCAD oversold on H4, H1, M30 and M15.
Divergence present in M15, M30 and H1.
Nice harmonic setup as well. Stop loss is 60 pips and we will exit quickly as it is counter trend and look a short opportunity.
Divergence present in M15, M30 and H1.
Nice harmonic setup as well. Stop loss is 60 pips and we will exit quickly as it is counter trend and look a short opportunity.
Trade closed: target reached
This trade worked out really well. It is up 100 pips from the point of entry. However I set a target profit since it was counter trend and got out earlier.I may look to sell this at the right time.
22/04/22 DEAL USD/CAD Mini converted at 1.081205100449455 SD SD75.90
Funds: SD10,111.66
Hit 1% profit within 4 days of trading.
Note to self: It is important to keep following the process and not follow the money.
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