This is on the 4H chart, and we can see a strong support.
Take a look at the chart:
1. Price fails to break support
2. Fails again
3. Breaks support
4. Retest
It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical analysis and unexpected moves will happen. Due to that reason, I will not be taking this trade personally. In the event that Trump gets elected, this trade will hit TP almost certainly. If you decide to take this trade, use very low risk.
Entry Price: 1.32590
Take profit: 1.33557 (100)
Stop loss: 1.32058 (50)
Take a look at the chart:
1. Price fails to break support
2. Fails again
3. Breaks support
4. Retest
It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical analysis and unexpected moves will happen. Due to that reason, I will not be taking this trade personally. In the event that Trump gets elected, this trade will hit TP almost certainly. If you decide to take this trade, use very low risk.
Entry Price: 1.32590
Take profit: 1.33557 (100)
Stop loss: 1.32058 (50)
Trade closed: stop reached:
Small loss (-50 Pips)
Trade active:
Activate trade again.
Re-enter
Entry Price: 1.32138
Take profit: 1.33557 (100)
Stop loss: 1.30640 (50)
Re-enter
Entry Price: 1.32138
Take profit: 1.33557 (100)
Stop loss: 1.30640 (50)