USDCAD LONG
Why are we entering?
- Expecting USD strength (26/27 July) during the FED meeting as they are increasing interest rates.
- Anticipating bounce off buy zone
- In wave 2 ABC
What is our confirmation?
- Bounce off structure & fibonacci level
Entry
- Safe Entry: No safe entry yet. Will look for WFB when we approach the buy zone
- Risk Entry: Entry of bounce off structure
Once entered, where will our Stoploss be?
- Below structure 1.279 (30 pips)
Where do we take profits?
First TP: 1.307 (250pips)
Second TP: 1.322 (400pips)
Third TP: 1.34 (580pips)
Long term TP: 1.365 (820pips)
Why are we entering?
- Expecting USD strength (26/27 July) during the FED meeting as they are increasing interest rates.
- Anticipating bounce off buy zone
- In wave 2 ABC
What is our confirmation?
- Bounce off structure & fibonacci level
Entry
- Safe Entry: No safe entry yet. Will look for WFB when we approach the buy zone
- Risk Entry: Entry of bounce off structure
Once entered, where will our Stoploss be?
- Below structure 1.279 (30 pips)
Where do we take profits?
First TP: 1.307 (250pips)
Second TP: 1.322 (400pips)
Third TP: 1.34 (580pips)
Long term TP: 1.365 (820pips)
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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.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.