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Usdcadbuy

USDCAD Descending Triangle - Long PositionUSDCAD Long Position Entry: $1.26671 TP & RR: $1.27938 (2.25) Stop Loss: $1.26107 REASONS FOR THE TRADE Clear descending triangle with an increase in buying volume. Not much to say here, it is either going to go up in an explosive move or it will completely break down. I don't feel confident opening a short though. My long is very conservative with a Stop Loss below the recent low. The RR is somewhat decent, but I would definitely not rush to close my position once we are out of the triangle.
Long
by Quant_
USDCAD - SWING - 04. JANU. 2021Welcome to our weekly trade setup ( USDCAD )! - 1 HOUR Very bullish reaction to previous lows. 4 HOUR Overall bullish market structure, expecting more upside. DAILY Market about to push towards or even above previous highs.. - FOREX SWING BUY USDCAD ENTRY LEVEL @ 1.27760 SL @ 1.27230 TP @ 1.28570 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
34
USDCAD - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( USDCAD )! - 1 HOUR Bearish turn towards main sr level after closure above. 4 HOUR Great long entries, prices moving within our range now. DAILY Overall bullish market after pullback right now. - FOREX SWING BUY USDCAD ENTRY LEVEL @ 1.28500 SL @ 1.27940 TP @ 1.29370 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
13
USDCAD LONGUSDCAD is looking very interesting in this region. A break back into the falling wedge could provide some bullish movement. If we close back within the wedge today I would be looking for long positions. USDCAD also correlates with USOIL and if you haven't seen already I am short on. So the fact that oil is looking bearish signifies that this pair could turn bullish. Ultimately we have had huge sell offs from the highs and pull backs will be due. There are many untested regions such as 1.39 which will be seen again in Q1 of 2021. A break back into the wedge followed by a bullish break with a retest and close above then I will be looking for very long term holds on this pair. 11 more followers until I reach my goal of 120 followers before the year is out. If the target is reach I will start to provide weekly breakdowns where you can also see the psychology behind my trading strat and why it's so effective. These will also be included! -Weekly trade set ups -analysis -Mid week breakdowns -Long term investments
Long
by XHRISTIE