estebanpulido21

USD/CAD BUY 2/2 TRADES CORRECT SO FAR

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
This pair is extremely biased towards the upside. Monthly targets are long and healthy and ready for several high volume movements with a range of about 900 pips. The arrows are potential movements and are there just in case the bullish bias doesn't pay off and fails, you still have very healthy and long sell targets to take advantage of. I also noticed a stop hunt forming between the two daily zones ( you can see one on the chart, the other is very thin, each marked in pink rectangles). If there is a large enough distance between the two, that means that the big banks really want to fool traders into taking sells in mass quantities, resulting in more liquidity for the banks to buy while everyone is busy selling. This means a deep but still manageable stop loss of 41 pips away from our entry. If the trade fails and reaches the stop loss and goes down below 10 more pips, then wait for price to tap the bottom of the bottommost daily zone for a sell. Leftover momentum during the week and a gap up or down in the new week may affect this setup so ill do my best to update the chart on Monday if any major price action occurs.
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