Not much to say here!!! check out the linked (related idea) for a full overview of this trade and why its time to buy now. But basically, based on my last analysis for USDCAD the price broke the 1.3150 supply just like I had projected, went all the way up to around 1.3250, 100pips away from our final target, and came backdown to our 1.3150 (now) demand zone to retest, in confluence with a 50.0/61.8 retrace before heading back up to our final destination at 1.3350.
SL @1.3110 (-40pip)
TP @1.3340 (+185pip)
Risk/Reward Ration = 4.64
win almost 5x what you are risking. Great trade setup!
TRADE AT YOUR OWN RISK I AM NOT YOUR FINANCIAL ADVISOR.
USE PROPER RISK MANAGEMENT! GOOD LUCK! ;)
SL @1.3110 (-40pip)
TP @1.3340 (+185pip)
Risk/Reward Ration = 4.64
win almost 5x what you are risking. Great trade setup!
TRADE AT YOUR OWN RISK I AM NOT YOUR FINANCIAL ADVISOR.
USE PROPER RISK MANAGEMENT! GOOD LUCK! ;)
Trade closed: target reached:
Price reached our target for 200+ pips. If you check the attached idea the whole move up and down we’re probably about 1000pips (not micropips!)
