Dear traders,
Here is your USDCAD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “3”, and the USD stands at “4”, meaning that the USD is stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st BUY Limit is placed at 1.2174 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.2157 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.2245
Our Stop Loss is placed at 1.2125
This is a 80 PIPS trade - Risk Reward 1:2.6 (THIS TRADE CAN BE HELD TO MONTHLY HIGHS)
Chart Timeframe; H4
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Trade Smartly.
Here is your USDCAD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “3”, and the USD stands at “4”, meaning that the USD is stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st BUY Limit is placed at 1.2174 (with a 1% risk position size)
Our 2nd BUY Limit is placed at 1.2157 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 1.2245
Our Stop Loss is placed at 1.2125
This is a 80 PIPS trade - Risk Reward 1:2.6 (THIS TRADE CAN BE HELD TO MONTHLY HIGHS)
Chart Timeframe; H4
Thank you. Like & Subscribe.
Trade Smartly.