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The USDCAD is definitely giving us a nice trade opportunity, before to continue reading the details and description, I highly recommend you to have a quick look on my previous USDCAD Daily perspective, to understand the reasons I believe the market is going to have an upcoming uptrend.
You could check it out on the "Link to Related Ideas" or clicking the link here below:
Let's focus now on the area that interests us:
As we can see on the H4 time frame chart, the price is actually breaking the descending channel, a retest of the price on the support level it could be an interesting confirmation and entry point for this trade.
Here below the details for this trade:
ENTRY POINT: 1.27821
TAKE PROFIT: 1.29341
STOP LOSS: 1.27060
RISK/REWARD RATIO: 2
Trade Safe and Responsibly,
Gianni
The USDCAD is definitely giving us a nice trade opportunity, before to continue reading the details and description, I highly recommend you to have a quick look on my previous USDCAD Daily perspective, to understand the reasons I believe the market is going to have an upcoming uptrend.
You could check it out on the "Link to Related Ideas" or clicking the link here below:
Let's focus now on the area that interests us:
As we can see on the H4 time frame chart, the price is actually breaking the descending channel, a retest of the price on the support level it could be an interesting confirmation and entry point for this trade.
Here below the details for this trade:
ENTRY POINT: 1.27821
TAKE PROFIT: 1.29341
STOP LOSS: 1.27060
RISK/REWARD RATIO: 2
Trade Safe and Responsibly,
Gianni
