Taking into account the USDCAD trading pattern since January 04, the pair forms an inverse head and shoulder chart pattern. According to the formation, a successful break over 1,3315-20 neckline area could fuel the pair to 1,3665.
However, the 1.3370, the 1.3495-1.3500 & 1.3570 could offer intermediate stops during the rise. Alternatively, 1.3240 and 1.3210 probably nearby support for the pair, breaking which 1.3065 may return to the chart.
If prices continue to trade in the south after 1.3065, around 1.2970 can return to the radar of the Bears.
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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.
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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follow our updates for more profitable trades.
Forextamil
—————————————————————————————-
If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
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