USDCAD moving in a wave form and an upward trend channel. Hit the bottom line of the trend now moving up to form the next wave. Entered at 1.3187 stop loss at 1.305 Risk to reward of 1.44. Once upward trend movement considered valid will be moving target profit to a higher level. This week drop in WTI also signals that CAD may drop.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and views. Thank you!
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and views. Thank you!
Note
Trade manually closed, 80pip profit
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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.