Price moved really quickly from my entry...
Analysis
-USDCAD looking bullish after showing signs of a breakout, pullback and continuation play. Buyers pushed price significantly past resistance wherein sellers came in and pushed it back down into resistance turned support.
The price action resulted in a daily spinning top setup AT SUPPORT before the daily candle close which is a bullish sign.
-On the 1H time frame, price just broke a bearish (correction) trendline to the upside.
-The reward/risk is good for the setup (given the distance between daily S/R levels)
Entry, Stops and Targets
-Long Entry: 1.34633 (Enter long after price pulls back, never chase a trade)
-Stop Loss: 1.3439 (Set stop below the daily reversal candle or swing low on the 1H chart)
-Take Profit: 1.3512 (Set target at a minimum of 2 times your stop, depending on entry)
= 2R
*Trade Safe and trade at your own discretion!*
Analysis
-USDCAD looking bullish after showing signs of a breakout, pullback and continuation play. Buyers pushed price significantly past resistance wherein sellers came in and pushed it back down into resistance turned support.
The price action resulted in a daily spinning top setup AT SUPPORT before the daily candle close which is a bullish sign.
-On the 1H time frame, price just broke a bearish (correction) trendline to the upside.
-The reward/risk is good for the setup (given the distance between daily S/R levels)
Entry, Stops and Targets
-Long Entry: 1.34633 (Enter long after price pulls back, never chase a trade)
-Stop Loss: 1.3439 (Set stop below the daily reversal candle or swing low on the 1H chart)
-Take Profit: 1.3512 (Set target at a minimum of 2 times your stop, depending on entry)
= 2R
*Trade Safe and trade at your own discretion!*
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.