Looking into trading USDCAD, this pair has turned bullish on the intraday. At the moment this is a short term long. Im am expecting price to sweep past the most recent highs. Trade entry could trigger in the next few hours.
Entry time frame will be in the comments
Entry time frame will be in the comments
Note
Looking for price to retrace down into this zone. at this time pending order is set. Will update if order is cancelledTrade active
sitting at roughly 2.5RR so far, Breakeven can be set once we break above 1.36960. Im expecting a pull back to occur back into the entry point area.
At the time if the trade continues and SL is not hit, i am targeting 12RR at 1.37380 and TP2 of 1.37900
Trade closed: target reached
Great trade, closed out with 18RR
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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.