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The USDCAD pair rallying to balance the supply-demand and creating a brand new weekly downtrend.



In weekly time frame, the chart printing signals at 1.31870.

At 1.46916, candles formed an impulse and saved the trend from upward. And the signal forms a correction to stabilize the trend. (shown in the graph)

After the correction formation, (1.32049) signal broke the trend with an impulse. (shown in the graph)

By the broke out impulse, the signal hoisting a flag correction and printing the current price action. (shown in the graph)

With the above facts, I’m expecting an impulse to pull the trend down from the current price action.

Due to the flag correction, the candles may form an impulse and correction.

If impulse and correction mean, your take profit should be 1.21864 with 3.29% R/R ratio.

But the candles will form the structure like a thunderbolt. The price range will move to the down and retrieve to the top as correction and again back to down.

In case the price range moving to the resistance means, end the trade at 1.34908.

EYES ON CHART AND DECIDE YOUR TRADE.

SIGNAL SPECIFICATION:

Pair: USDCAD

Order: SELL

Entry: 1.31870

Take profit: 1.21864

Stop loss: 1.34908

Risk Vs Reward: 3.29
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7. 

Note: 

Trade signals would usually have a risk to reward ratio of 1:2. 

It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. 

This allows you to be good in overall pips profit. 

Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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