USD/CAD Bullish Crab Pattern
Nice long opportunities for the week ahead on USD/CAD. Just
be patient and allow price to close above 1.27826 to enter
long. Keep an eye on USOIL as well as economic data released
throughout the week relating to the CAD. However, I believe
a close above 1.27826 is fair to assume that this pattern will
work.
Trade 1 (RvR ratio 2:1 or lower depending on S/L)
Entry: Close above 1.27826
S/L 1: 1.27427
S/L 2: X pips below D
T/P: 1.28625
Trade 2 (RvR ratio 2:1)
Entry: Close above 1.28625
S/L: 1.28225
T/P: 1.29435
Happy trading
Nice long opportunities for the week ahead on USD/CAD. Just
be patient and allow price to close above 1.27826 to enter
long. Keep an eye on USOIL as well as economic data released
throughout the week relating to the CAD. However, I believe
a close above 1.27826 is fair to assume that this pattern will
work.
Trade 1 (RvR ratio 2:1 or lower depending on S/L)
Entry: Close above 1.27826
S/L 1: 1.27427
S/L 2: X pips below D
T/P: 1.28625
Trade 2 (RvR ratio 2:1)
Entry: Close above 1.28625
S/L: 1.28225
T/P: 1.29435
Happy trading
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.