USD/CAD on the WEEKLY ChartHello Everyone,
Recently opened a position with unfortunately a low probability!!! (Bad Move Lol)
Let me know your recommendations or thoughts :)
Forexusdcad
USDCAD expecting to continue bullish momentum, Buy Opportunity USDCAD move in a range for almost a month. highest level of the range already break drop base drop (DBD) supply on its left. Lowest level of the range is bouncing on significant Support and Resistance. Great history to its left.
I decided to be in long position for this pair because of:
1. break of DBD on h4 time frame
2. there are bullish engulfing form as demand base, seen on h4 time frame.
Meanwhile, on daily time frame, there are a good level of SNR flip that I decided as my take profit for the trade.
My stop loss is just below the low of the bullish engulfing on h4 timeframe.
Risk : reward for this trade is 1:4.5.
TAYOR (Trade At Your Own Risk)
