🔸Hello traders, let's review the daily chart for USDCAD today. Trading
near premium prices of the multiyear range, established in 2023.
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in this market.
🔸Range highs set at 3800, premium prices overhead at 3880 3960
range lows set at 3300 and premium prices below at 3140 3240
current bid is 3885.
🔸Recommended strategy for USDCAD traders: focus on short selling any
rips/rallies near market price. price is currently trading near premium levels
and is maxed out already, limited upside. TP1 bears +250 TP2 bears +500 pips keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
near premium prices of the multiyear range, established in 2023.
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in this market.
🔸Range highs set at 3800, premium prices overhead at 3880 3960
range lows set at 3300 and premium prices below at 3140 3240
current bid is 3885.
🔸Recommended strategy for USDCAD traders: focus on short selling any
rips/rallies near market price. price is currently trading near premium levels
and is maxed out already, limited upside. TP1 bears +250 TP2 bears +500 pips keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Trade active
+ 40 pips trade in the green zoneNote
Note
Note
Note
Note
Note
Note
Trade closed: stop reached
stopped outNote
Smart Money Market Structure Order Block Trading
Note
Practical Application of Order Blocks in Trading
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taplink.cc/prsyndicate
💎algo based bots and signals
⚡️forex/crypto/memecoins/stocks
📕full-auto FX trading bot
💎5%+/day 25%+/week low risk
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💎75% win rate free gold signals
t.me/syndicategold001
💎algo based bots and signals
⚡️forex/crypto/memecoins/stocks
📕full-auto FX trading bot
💎5%+/day 25%+/week low risk
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
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.