USDCAD Long, RR 1:1
Reasons to enter:
1. Price touched trendline for the 4th time, am expecting the price to break the trendline, and form higher highs.
2. A close above of the daily support 1.2343 levels would lead to bullish momentum, which am expecting it to hit my weekly resistance.
3. Bull is in charge currently as we can see from the candles in the daily timeframes.
4. EMA 21 had just close above in the H4 and almost in the daily timeframes. So watch out closely.
RR 1:1
EP: 1.2360
TP: 1.2500
SL: 1.2220
Do take note that this is a swing trade, be careful with the lot sizes as the SL is huge.
1. Price touched trendline for the 4th time, am expecting the price to break the trendline, and form higher highs.
2. A close above of the daily support 1.2343 levels would lead to bullish momentum, which am expecting it to hit my weekly resistance.
3. Bull is in charge currently as we can see from the candles in the daily timeframes.
4. EMA 21 had just close above in the H4 and almost in the daily timeframes. So watch out closely.
RR 1:1
EP: 1.2360
TP: 1.2500
SL: 1.2220
Do take note that this is a swing trade, be careful with the lot sizes as the SL is huge.
Trade closed: target reached
5 trading days and boom! 1.2500 dusted! Managed to grab about 115 Pips on this trade! =D
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