U.S. Dollar / Canadian Dollar
Long
Updated

USDCAD 15M Long | Engulfing Pattern

46
Candle Pattern: engulfing
Trend: up
Trend Entry: with

TP/SL Ratio Target: 1 to 1
Target TP PIPs: 16
SL PIPS: 16

Fib Entry: 1
Fib TP: 2
Stochastic: overbought
Inside EMA/SMA zone: no
BB: top band

Notes:

breaish engulfing to break the recent high, looking for a push to a new high
using stochastic overbought indication as indicator price will push even higher before rolling overbought

Note
profit target reached in 12 hours

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.