usdcad 8h swing trade setup best level to buy/hold
Updated
🔸Hello traders, let's review the 8 hour chart for USDCAD today. Currently trading
in well defined range, since October 2022. Right now closing in on range lows, so
naturally the risk/reward is shifting in bulls favor towards premium prices.
🔸Active trading range is pretty wide, almost 500 pips wide. Range lows defined
by 3400 and range highs set at 3770. 3840/3940 premium prices above range highs,
and 3330/3250 premium prices below range lows.
🔸Recommended strategy for USDCAD swing trade setup: Bulls focus on buying low
near premium prices, best entry near 3300 and stop loss below premium prices.
TP1 bulls is +150 pips TP2 bulls is +300 pips, conservative targets based on latest
price swings in USDCAD.
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🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
in well defined range, since October 2022. Right now closing in on range lows, so
naturally the risk/reward is shifting in bulls favor towards premium prices.
🔸Active trading range is pretty wide, almost 500 pips wide. Range lows defined
by 3400 and range highs set at 3770. 3840/3940 premium prices above range highs,
and 3330/3250 premium prices below range lows.
🔸Recommended strategy for USDCAD swing trade setup: Bulls focus on buying low
near premium prices, best entry near 3300 and stop loss below premium prices.
TP1 bulls is +150 pips TP2 bulls is +300 pips, conservative targets based on latest
price swings in USDCAD.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
usoil 8h chart buy low after pullback tp 85 usd/bbl
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