usdcad h8 advanced xabcd buy/hold setup swing

🔸Hello traders, today let's review the 8 hour chart for USDCAD. Speculative XABCD setup
with advanced entry for the bulls near point C, recommend to use tight SL and proper
risk management and also confirm reversal with other indicators/systems.

🔸Setup is based on speculative XABCD structure, point X at 3800, point A and 3180,
point B at 3650, point C at 3270 usd and finally point D/PRZ at 3980/4000.

🔸recommended strategy bulls: wait for price to complete pullback near point C / 3270
and buy low with a stop loss set at 3200, TP1 +250 pips TP2 +500 pips, final TP/exit at
4000, however keep in mind this is a swing trade setup, targets will take longer to trigger.
good luck traders!

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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Comentarios:

higher risk trade setup right now: short sell/rips rallies. TP - point C.

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