Stevejoru
Long

USDCAD Price Forecast

FX:USDCAD   U.S. Dollar / Canadian Dollar
The pair is forming higher highs and price crossed the H4 200 ma so I am waiting to see something like that with the RRR as shown.
Price could potentially reach the zone with the green eclipse as shown.
Also I am learning to be patient and take trades in bigger TFs coz thats where you will catch the big moves. I had super nice entries in 30, 15 and 5 min and price would go in my favour for like 20 or 35 pips before starting to rally back and I ended up closing more of the trades with less than 15 pips. Or price would go straight to my SL, take me out with a couple pips then reverse and go how I thought it would.
So thats why I am learning to take trades in bigger TFs like H4, H1 and D1. It doesn't matter if the trade will take 2 days, a week or even 3. If you catch a good trade, thats what counts. Plus this approach saves you time watching charts and stuff and kinda good RRR .

Lets see how things go
Cheers!

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