USDCAD - 2 ways to trade this bullish shark
This is the 4 hour chart of USDCAD.
We have a bullish shark pattern that will complete around 1.2780.
We are also currently at a channel resistance and this could be the C point of this bullish shark.
Therefore I have 2 ways to trade this.
1. Sell from C to D
This is alot riskier and I highly advice reducing your risk from 2% to 1% if you take this setup.
SL will have to go above 1.3165 and target will be at 1.2780.
2. Wait for bullish shark to complete before buying in
This is much more recommended and I will wait for a market reaction at this level before going long.
PRZ 1.27980
SL 1.2670
TP1 1.2950
TP2 1.3090
October has been great for me, exercised alot of patience and I was able to hold on to profitable swing trades.
CHFJPY yesterday was great, GBPCAD last Friday was also awesome.
Glad to be able to share my thoughts with you guys, do like and share if you enjoy my ideas.
We have a bullish shark pattern that will complete around 1.2780.
We are also currently at a channel resistance and this could be the C point of this bullish shark.
Therefore I have 2 ways to trade this.
1. Sell from C to D
This is alot riskier and I highly advice reducing your risk from 2% to 1% if you take this setup.
SL will have to go above 1.3165 and target will be at 1.2780.
2. Wait for bullish shark to complete before buying in
This is much more recommended and I will wait for a market reaction at this level before going long.
PRZ 1.27980
SL 1.2670
TP1 1.2950
TP2 1.3090
October has been great for me, exercised alot of patience and I was able to hold on to profitable swing trades.
CHFJPY yesterday was great, GBPCAD last Friday was also awesome.
Glad to be able to share my thoughts with you guys, do like and share if you enjoy my ideas.
