USDCAD From the chart, here's a clear breakdown of my setup:
Entry Point
Suggested Entry: 1.4315 (current price region aligns with minor resistance)
Target (TP) Levels
1.4260 — First TP (initial support zone)
1.4210 — Final TP (stronger support level)
Stop Loss (SL)
Suggested SL: 1.4355 (above recent highs and resistance zone)
Key Support & Resistance Levels
Resistance: 1.4355 / 1.4315 This structure aligns with your bearish bias (noted by the red arrow targeting lower zones). Ensure you monitor price action for confirmation before entering. Would you like a refined risk-reward ratio calculation?
USDCAD gains traction after bouncing from 1.4235**, recovering from a one-month low. However, it **struggles to hold above 1.4300** amid **modest USD weakness**, snapping a three-day losing streak.
USDCAD long position- closed - about 25 pips- remember- to always place stops- especially when market is ranging/consolidating, there will be lots of back and forth movements- not every trade needs to be 50+ pips- 15-20pips adds up fast-
USDCAD Back in a short. Got pummeled yesterday. Had 3 riding down. For whatever reason moved 2 of them to break even without double checking 4hr structure. Then for some reason opened another one at 8:30 GMT last night and then all hell broke loose. I do see signs of BOS to the upside on the 1 hr and then you look at the 4 hr and it contradicts it. Confusing.