USDCAD Long - Symmetrical triangle
Looking at the 1hr timeframe , instrument is forming bullish trend (series of HH,HL). There is a symmetrical triangle pattern (break out confirmed) . Using symmetrical triangle target (1.3550) for TP and stop loss a little below previous HL (1.3395).
Risk 2%
Reward/Risk : 2
Buy zone : 1.3440 -1.3460
STOP Loss :1.3395
TP: 1.3550
Risk 2%
Reward/Risk : 2
Buy zone : 1.3440 -1.3460
STOP Loss :1.3395
TP: 1.3550
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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.