Longusdcad
USDCAD - LONG AGAIN? [SWING TRADING STRATEGY] USDCAD
1D : Can Clearly see that Bullish engulfing happened. Then Price Break Resistance Line (Resistance Become Support) @ 1.3100
Target Buy
4H : Price is doing retracement. Wait for buy signal @ minor snr lines (black dotted horizontal line) Preferred buy level is at BRN level.
Target entry:
Buy Limit @ 1.3100
SL @ 1.3050 (50pips)
TP @ 1.3200 (100 pips)
TAYOR
USDCAD LONG LONG LONG? [SWING TRADE STRATEGY] USDCAD
1D: The trend is currently uptrend. A simple trend continuation pattern can be seen clearly on this chart. Price is currently doing retracement. Wait for buy opportunity.
4H- Price is approaching the TL and minor support line @ 4H. Can look for buy signal from that level.
Targeted entry level:
Buy limit @ 1.3080
SL @ 1.3050
TP @ 1.3200
RRR 1: 3.67
TAYOR