Feeling Long on USDCAD
Price is literally in a 4 hour support zone and it broke out of its yearly downtrend in the month of Sept. Although it's falling again, there was a new higher high on the 4 hour time frame I don't think price will drop much lower. I se t a 50 pip stop loss to be safe on a smaller lot size as im still new to trading! Basically the previous low was broken but after that low was broken there was a new high so it should retest upwards at least 50%.
lmk your thoughts.
👨🏾💻TRADE IDEA 👩🏾💻(Buy USDCAD)
Type: Market Execution
Time Frame Marked up on: 1Hr -Daily
🥵Stop Loss: 1.31992
🥶Entry Zone: 1.32483-1.32634
Take Profits:
1. 👉🏾1.33059
2. 👉🏾1.33182
3. 👉🏾 1.33371
🔥Hot Zone🔥
👉🏾1.33568-1.34245
-Personal Trade
🏀Tips🏀
*Use proper risk management. Past profits does not guarantee future success!
*Don’t be greedy! Leave at least $10-$15 Free Margin so you won’t get kicked before your trade hits Stop Loss.
*Take advantage of twin trading!
*Trail your stop loss once you get 20 pips on profit!
*Be patient. Your trade will go red and blue. Trust in your markup.
*You won’t win every trade but continue to learn!
lmk your thoughts.
👨🏾💻TRADE IDEA 👩🏾💻(Buy USDCAD)
Type: Market Execution
Time Frame Marked up on: 1Hr -Daily
🥵Stop Loss: 1.31992
🥶Entry Zone: 1.32483-1.32634
Take Profits:
1. 👉🏾1.33059
2. 👉🏾1.33182
3. 👉🏾 1.33371
🔥Hot Zone🔥
👉🏾1.33568-1.34245
-Personal Trade
🏀Tips🏀
*Use proper risk management. Past profits does not guarantee future success!
*Don’t be greedy! Leave at least $10-$15 Free Margin so you won’t get kicked before your trade hits Stop Loss.
*Take advantage of twin trading!
*Trail your stop loss once you get 20 pips on profit!
*Be patient. Your trade will go red and blue. Trust in your markup.
*You won’t win every trade but continue to learn!
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