This is a USD/CAD (U.S. Dollar / Canadian Dollar) 30-minute candlestick trading chart. It shows the price movement of the currency pair over a recent period and highlights a potential long (buy) trade setup with defined entry, stop-loss, and take-profit zones.
Here’s a breakdown of the chart’s elements:
Entry Zone: Marked , between 1.42336 and 1.42000. This is where a trader would ideally look to enter a long (buy) position.
Stop-Loss (SL): Located at 1.41500, with an additional marker at 1.41511. This is the level where the trade would automatically close to limit losses if the price moves unfavorably.
Target 1: Marked at 1.43119, around the first take-profit level where traders might secure partial gains.
Final Target: Placed at 1.44362, with a live price marker at 1.44341, representing the ultimate take-profit level if the trade moves favorably.
Trade Idea: The setup suggests a potential long position, aiming for a price reversal after entering within the "Entry Zone" and targeting profits at the green-shaded levels while managing risk with the defined stop-loss.
The chart is visually structured to show a well-planned risk-reward ratio, with a higher potential for gains compared to the risked amount.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Here’s a breakdown of the chart’s elements:
Entry Zone: Marked , between 1.42336 and 1.42000. This is where a trader would ideally look to enter a long (buy) position.
Stop-Loss (SL): Located at 1.41500, with an additional marker at 1.41511. This is the level where the trade would automatically close to limit losses if the price moves unfavorably.
Target 1: Marked at 1.43119, around the first take-profit level where traders might secure partial gains.
Final Target: Placed at 1.44362, with a live price marker at 1.44341, representing the ultimate take-profit level if the trade moves favorably.
Trade Idea: The setup suggests a potential long position, aiming for a price reversal after entering within the "Entry Zone" and targeting profits at the green-shaded levels while managing risk with the defined stop-loss.
The chart is visually structured to show a well-planned risk-reward ratio, with a higher potential for gains compared to the risked amount.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Order cancelled
price was very closed to our entry zone but not reached.
now wait for another setup.
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t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.