Trade Pair: CADJPY Direction: Potential reversal to the downside Entry: Below current market price (to be determined based on technical analysis) Stop Loss: Above resistance at 109.58 Take Profit: 96.5 Rationale: The CADJPY currency pair has shown signs of a potential reversal to the downside, presenting an exciting trading opportunity. The idea is to enter...
Currency Pair: USD/CAD Trade Details: - Entry: Buy USD/CAD at the current market price - Stop Loss (SL): 1.33169 - Take Profit (TP): 1.36383 Trade Rationale: Based on technical analysis, there are several factors indicating a possible reversal for USD/CAD and a potential upward move of at least 280 pips: 1. Support Level: The price has reached a significant...
Trade: NZD/CAD Forex Trade (LONG) Entry: Market order Entry Price: Current market price Stop Loss (SL): 0.811511 Take Profit (TP): 0.84532 Risk-Reward Ratio: 1:3 Trade Description: We are looking to enter a LONG trade on the NZD/CAD forex pair, with an expected profit target of 250+ pips. The trade will be executed through a market order at the current market...