Hi guys this isn't one of my usual pairs but I have found 2 potential short-term set ups on the USDCAD.
Sell @ 132.75 area
Buy @ 131.95 area
I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit.
This is not a signal; just my...
Looking to enter a short term long position after rejection of (new) daily trend line, aiming for 60 pips R:R - 3. Hoping for a double top for confirmation to enter a longer term short entry, purple highlighted area is resistance area, a rejection of this area and daily close below 109.000 will confirm my entry. R : R - 7, aiming to retest 107.00 area.