USDCAD - Technical Analysis [Long & Short Setup]
🔹 USDCAD Analysis on 1HR chart
- The current Trend Seem neutral
- Bearish Divergence is Present
- No Reversal pattern
- Found Harmonics AB=CD Pattern
- Waiting for a Break of Structure for Confirmation Either at Point C or At Point B.
- If point C break we short.
- If point B break we long.
🔹 Trade Plan At Point C
- Entry Level = 1.35589
- Stop Loss = 1.36036
- TP1 = 1.35137
- TP2 = 1.34681
🔹 Trade Plan At Point B
- Entry Level = 1.36297
- Stop Loss = 1.35783
- TP1 = 1.36757
- TP2 = 1.37213
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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- The current Trend Seem neutral
- Bearish Divergence is Present
- No Reversal pattern
- Found Harmonics AB=CD Pattern
- Waiting for a Break of Structure for Confirmation Either at Point C or At Point B.
- If point C break we short.
- If point B break we long.
🔹 Trade Plan At Point C
- Entry Level = 1.35589
- Stop Loss = 1.36036
- TP1 = 1.35137
- TP2 = 1.34681
🔹 Trade Plan At Point B
- Entry Level = 1.36297
- Stop Loss = 1.35783
- TP1 = 1.36757
- TP2 = 1.37213
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
Like and subscribe to never miss a new idea! ✌🏼
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