USDCAD 1H VWMA Long Breakout
Pair did fall to previous swing lows so now there are 3 attempts sellers tried to break this support level. If price stays above this support level and doesn't progress the trend short with a new swing low, then it will consolidate a while. When price breaks the top of the range box @ 1.2450, then it will begin it's rise back up to the swing high of 1.2576. I am placing a pending buy stop at 1.2460 with TP at 1.2495, 1.2545 and 1.2570. I am going to re-enter again at 1.2505, 1.2555 and 1.2580 with a TP of 1.2630.
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We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.
Check out our new recent free trading strategies guides with the VWMA, News Trading, Short Term Trading, Gann Fan Trading, Bill Williams Awesome Oscillator Trading, Cypher Pattern trading and more...
We just added a 5 step Bitcoin Trading Strategy and the 5 Candle Mastery Trading Strategy.
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