IDEA - 4 Buying USDCAD with T1 - 1.34850 , T2 - 1.34950 Stoploss - 1.34542 To reduce loss you can also close trade on Trendline breakout. Ratio - 1.78
Possible falling wedge reversal on USDCAD 4HR/1Day! We will WAIT PATIENTLY for this reversal. USDCAD is coming out of a bearish triangle (WEEKLY) with a fake brakout to the upside to test the (MONTHLY) OB @1.32000 area. It has broken the short-term bull trendline and seems to be creating a HEAD & SHOULDERS pattern on the DAILY! We will play the Right shoulder Buy...
Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for the breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the...