USDCAD is touching an upper range band. Given it's historic price action, we anticipate a reversal, expecting it to retreat and seek additional buy orders at lower price levels. To manage risk, we've placed a hedge order slightly above the resistance, ensuring that potential losses are capped at 50% of the account's available free margin.
Trade closed: target reached
PROFIT!
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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.