Good evening Traders! USD/CAD has been respecting and playing between these new TRENDLINES. As the price has approached the bottom TRENDLINE, I am expecting a bounce back up to another LONG term TRENDLINE that has been respected for a while now. Before entering into this trade I would look for a couple of REVERSAL signals such as ENGLUFING CANDLES or PIN BARS. This is a pretty risky trade because oil is rising causing CAD to rise as well. If you are taking this trade please do consider the risk of the trade! REWARD RATIO -----> 1.33 😁. LET'S GET THIS BREAD! 🍞🤑
ENTRY: 1.40462
STOP LOSS: 1.39930
TAKE PROFIT: 1.41172
🛑CAUTION🛑 Trade only what you agree with! If you decide to take this trade it is YOUR TRADE!
💚💙🧡 You can always show your support by liking and following! Much love to all, have a great day traders! 💚💙🧡
ENTRY: 1.40462
STOP LOSS: 1.39930
TAKE PROFIT: 1.41172
🛑CAUTION🛑 Trade only what you agree with! If you decide to take this trade it is YOUR TRADE!
💚💙🧡 You can always show your support by liking and following! Much love to all, have a great day traders! 💚💙🧡
Note
DO NOT ENTER THE TRADE IF YOU DO NOT SEE REVERSAL SIGNALS SUCH AS ENGULFING CANDLES OR PIN BARS!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.