USDCAD 4H - Long
USDCAD 4H Long
What are we expecting?
- USD Strength - CAD weakness = USDCAD Long Trades.
What is our confirmation?
- On the DAILY TF we are clearly in a strong Bullish uptrend.
- So ONLY Buys Positions ONLY for this pair!
- We can also see a clear support level (blue structure) indicating that our buy set ups could be expected.
Where shall we enter?
- Watch for beak of trendline (WFB)
- ABC Correction may form Once risk trendline is broken.
- Risk entry on rejection of fib
Once entered where will our SL BE?
- SL will be below blue Structure levels for a safe SL
Targets?
- Targets: 1.38500 (275 Pips)
What are we expecting?
- USD Strength - CAD weakness = USDCAD Long Trades.
What is our confirmation?
- On the DAILY TF we are clearly in a strong Bullish uptrend.
- So ONLY Buys Positions ONLY for this pair!
- We can also see a clear support level (blue structure) indicating that our buy set ups could be expected.
Where shall we enter?
- Watch for beak of trendline (WFB)
- ABC Correction may form Once risk trendline is broken.
- Risk entry on rejection of fib
Once entered where will our SL BE?
- SL will be below blue Structure levels for a safe SL
Targets?
- Targets: 1.38500 (275 Pips)
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.
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.