🔥 NEW: USDCAD 🔥 AGGRESSIVE 🔥 Counter-Trend Trade

Updated

It appears that USDCAD could be reacting to a minor support level and pulling back to the upside before continuing the BIG PICTURE downtrend. Here's my latest setup for the Buy and the Long.

RESISTANCE @ 1.3269
SLO @ 1.3245
TP3 @ 1.3235 (closing ALL Buy Orders)
TP2 @ 1.3210 (shaving 25%)
TP1 @ 1.3190 (shaving 25%)
BSO @ 1.3166 (if Price Action pulls back to the downside)
BLO1 @ 1.3150
BLO2 @ 1.3140
SUPPORT @ 1.31246

Trade active

RESISTANCE @ 1.3269
SLO @ 1.3245 ⏳
TP3 @ 1.3235 (closing ALL Buy Orders)
TP2 @ 1.3210 (shaving 25%)
TP1 @ 1.3190 (shaving 25%) 💰 +24 pips
+SL @ 1.3169 🚫
BSO @ 1.3166 📈 +28 pips 🤑
BLO1 @ 1.3150 ⏳
BLO2 @ 1.3140 ⏳
SUPPORT @ 1.31246

💰 TP1 is in the bag for a profit of +24 pips

💪🏾 TP2, here we come!!!!

🤑 BSO Net Equity is @ +28 pips

🚫 Stop Loss has been modified to preserve capital (see above)

Trade closed: target reached

TP3 @ 1.3235 (closing ALL Buy Orders) 💰 +69 pips
TP2 @ 1.3210 (shaving 25%) 💰 +44 pips
TP1 @ 1.3190 (shaving 25%) 💰 +24 pips
+SL @ 1.3169 🚫
BSO @ 1.3166 📈

📈 Out of our three Buy Orders, only the BSO triggered

💰 TP1 is in the bag for a profit of +24 pips

💰 TP2 is in the bag for a profit of +44 pips

💰 TP3 is in the bag for a profit of +69 pips

🤑 BSO Gross profit +69 pips or +0.52% or +$520.72*️⃣
*️⃣based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)

Note

💪🏾 Because I trade with a R:R of 1:1, my SL never triggered like the one annotated in the chart — mine was much further away.

📉 I'm holding my short from 1.3245. I'll be updating my analysis on this pair

⚠️⚠️⚠️It's ok to place a pending SSO @ 1.3245 — STANDBY

Note

🚫 If you're holding a Sell Order @ 1.3245, I've placed a SL @ 1.3265 because there may be more upside potential.

✍️ I'm working on a new analysis — STANDBY

ProfessorCEWard

Professor C. E. Ward

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