USDCAD forecast - location - setup
Updated
USDCAD forecast - location - setup
Three possible cases.
Case 1:
Buy stop 1.30550
TP: 1.31300
SL: 1.30300
R/R: 5
Case 2:
Buy limit order at 1.29815
TP: 1.31300
SL: 1.29750
R/R: 22.5
Case 3:
Wait price in support zone
If price breaks through and close below (PBT&CB) 1.29760 then sell.
TP:1.29045
SL:1.30000
R/R: 2.98
Three possible cases.
Case 1:
Buy stop 1.30550
TP: 1.31300
SL: 1.30300
R/R: 5
Case 2:
Buy limit order at 1.29815
TP: 1.31300
SL: 1.29750
R/R: 22.5
Case 3:
Wait price in support zone
If price breaks through and close below (PBT&CB) 1.29760 then sell.
TP:1.29045
SL:1.30000
R/R: 2.98
Trade active
Case 1 and 2 failed.Now I'm on case 3 and I will ride it until target price
Trade closed: target reached
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