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Usdcadbuy

USDCAD 240MHello traders! We are looking to buy on the break of the green rectangle to catch 50 pips between the B and C lines. Price may go a lot more than 50 pips or even less, the lines work to determine most likely pip range for a decent trade. This trade can also be taken with a buy stop order as a set&forget setup. It is recommended to position stop no further away than 1:1 RR away from entry, although this may vary with markets and volatility. Best, Jay
Long
by TrapReversalTrading
USDCAD approaching resistance, look out for potential reversal! USDCAD is approaching its resistance at 1.30785 where it is could reverse down to its support at 1.30160. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone