Signal Title: Breakout Signal
Currency Pair: USD/CAD
Signal Type: Buy
Entry Point: Break above resistance at 1.3535 AND RETEST
Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645
Stop Loss: Set stop loss at below swing low
Timeframe: 4-hour chart
Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity.
Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips)
Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.
Currency Pair: USD/CAD
Signal Type: Buy
Entry Point: Break above resistance at 1.3535 AND RETEST
Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645
Stop Loss: Set stop loss at below swing low
Timeframe: 4-hour chart
Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity.
Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips)
Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.