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The USDCAD is at a greater disadvantage as crude oil represents Canada’s largest export income and the geopolitical tension in Libya and Iran, together with the US prohibition on sixteen Saudi Arabians. 1.3285 could, however, limit the immediate declines of the pair, unless the support of 1,3220-15 is noted. In the event of daily closing prices decreasing below 1,3215, 13190 can serve as a validation to support 1,3120. Otherwise, recent rises of around 1,3400 could confine the pair upside to a slender trend line of about five weeks.
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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.
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Forextamil
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