Hey Trarder,
So we find USD/CAD on a Daily channel. We all wanted it to break it but it rejected it strongly. It appears to be looking to get to the Weekly Retracement of 78.60% (1.4120). I expect a small retracement to 1.31720 and an amazing entry in that area. It´s a great Risk/Reward ratio of a minimum of 1/2 and a maximum of 1/8. The TP´s I marked with the pink horizontal lines are out objectives to secure profits. It has an amazing probability to be a succesful trade. The only thing you need to wwait for before entrying is to reach that area and a strong rejection (strong bullish candle).
What do you think? Happy profits.
So we find USD/CAD on a Daily channel. We all wanted it to break it but it rejected it strongly. It appears to be looking to get to the Weekly Retracement of 78.60% (1.4120). I expect a small retracement to 1.31720 and an amazing entry in that area. It´s a great Risk/Reward ratio of a minimum of 1/2 and a maximum of 1/8. The TP´s I marked with the pink horizontal lines are out objectives to secure profits. It has an amazing probability to be a succesful trade. The only thing you need to wwait for before entrying is to reach that area and a strong rejection (strong bullish candle).
What do you think? Happy profits.