I am monitoring USDCAD, but I am not yet committed to entering the trade. The support and resistance levels on the 30-minute and 5-minute charts are encouraging, but I need to see how the market develops before making a decision.
Entry: 1.36031
TP: 1.35954
SL: 1.36071
RR: 2
My idea is quite simple:
Watch price at supply & demand zone, alert when price in zone, open small long position.
Entry: 1.07849
TP: 1.91140
SL: 1.07849
RR: 1.89
Trailing stop is also in place, lets see if the trade will play out.
Finger crossed
Entry: 1939.24
TP: 1936.89
SL: 1940.48
If the sell pressure keeps going on tomorrow and the entry price will be hit there are good chances to hit the TP.
XAUUSD is on my watchlist for the next days
