π USDCAD: CURVE ANALYSIS π
(Based on the 1W Chart)
SLO2 @ 1.3880 π +260 pips
SLO1 @ 1.3815 β³
SSO @ 1.3590 β³
TP1 @ 1.3310
TP2 @ 1.2993
TP3 @ 1.2766
TP4 @ 1.2400
TP5 @ 1.2185
BLO @1.2115 β³
ADDITIONAL INFO:
π€ Net Equity since our SLO2 is @ +260 pips
This is an Intermediate Time Frame trade (4 hours to 6 day):
β Offers a clearer picture of the underlying trend compared to short-term frames.
β Provides more opportunities for confirmation signals and technical analysis.
β Allows for more flexible trading schedules, trades can be held overnight.
β Suitable for swing traders and some positional traders.
SLO2 @ 1.3880 π +260 pips
SLO1 @ 1.3815 β³
SSO @ 1.3590 β³
TP1 @ 1.3310
TP2 @ 1.2993
TP3 @ 1.2766
TP4 @ 1.2400
TP5 @ 1.2185
BLO @1.2115 β³
ADDITIONAL INFO:
π€ Net Equity since our SLO2 is @ +260 pips
This is an Intermediate Time Frame trade (4 hours to 6 day):
β Offers a clearer picture of the underlying trend compared to short-term frames.
β Provides more opportunities for confirmation signals and technical analysis.
β Allows for more flexible trading schedules, trades can be held overnight.
β Suitable for swing traders and some positional traders.
Trade active
USDCAD...UT
β Based on the 2D chart, there is the probability of Price Action reacting from a major Support Level @ 1.3530
β If so, it could be a hard push back to the upside
β Price Action could retrace as high as our SLO1 @ 1.3815
β Due to the upcoming CAD & USD News, I'm placing a TIGHT MANUAL TRAILING STOP @ 1.3590
Trade closed: stop reached
π As anticipated, the USD & CAD News, cause Price Action to retrace to the upsideπ° Now that our Manual Trailing Stop @ 1.3590 has been triggered we were able to capture +185 pips off of this swing trade.
π Let's double up on our money and get ready to short again from the same SLOs @ 1.3815 and 1.3880
Note
UPDATED Curve Analysis COMING SOON.
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