USDCAD long opportunity. Wait for the 1h Breakout!
Hy traders!
USDCAD looks could start its 3rd wave on the 1h timeframe soon. Wait for the breakout of this strong resistance/flipzone and downtrendline.
For a safer entry you could wait for a Pullback into the Breakout zone.
Nice RRR of minimum 1:3, consider protecting your SL below the Breakout area and the 1h 50EMA.
Good luck!
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DISCLAIMER (read it please): Never ever consider a trade without an education and always use a STOP LOSS to protect your account at all costs! Never ever use a mental STOP LOSS! You should also have a strict money management system in place, which allows you to trade with only a 1% Risk for each trade you take! If you are a beginner, you should trade with only 10USD Risk maximum and continue until you have gained the skills and proved yourself to be profitable over a longer period of time!!!
USDCAD looks could start its 3rd wave on the 1h timeframe soon. Wait for the breakout of this strong resistance/flipzone and downtrendline.
For a safer entry you could wait for a Pullback into the Breakout zone.
Nice RRR of minimum 1:3, consider protecting your SL below the Breakout area and the 1h 50EMA.
Good luck!
—————————————————————————————————————————————————————————————————————————————————————————————————
If you get out some value from my technical analysis and want to motivate me to share more ideas in the future, you can consider to support me by simply use my Donation/Affiliate section. All of the suggested exchanges I use by myself. So if you want to support me, feel free to use any of the links below! THANKS :)
Donations and Affiliate Links with Bonuses:
🙏 Crypto donations: bit.ly/2xQHDsv
🔥 PHEMEX up to 72USD BONUS: bit.ly/3bCVTDO
🔥 BINANCE 5% friends commission: bit.ly/354dpyi
🐦 Follow me on Twitter: twitter.com/twinorita
DISCLAIMER (read it please): Never ever consider a trade without an education and always use a STOP LOSS to protect your account at all costs! Never ever use a mental STOP LOSS! You should also have a strict money management system in place, which allows you to trade with only a 1% Risk for each trade you take! If you are a beginner, you should trade with only 10USD Risk maximum and continue until you have gained the skills and proved yourself to be profitable over a longer period of time!!!
Disclaimer
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