Divergence on USDCAD formed by 80% any way now is ready for LONG, either for strict trader they should wait the break of 1.3131 and go Long at the retaste of this price.
This trade had a perfect Win to Loss ratio its around 4:1, so the long is available right now the we can add another positions at 1.3131 and the target on 1.3290.
This trade had a perfect Win to Loss ratio its around 4:1, so the long is available right now the we can add another positions at 1.3131 and the target on 1.3290.
Operación activa:
The trade has activated already, we got nice push by the last 4H candle close. we will wait the breaking of Resistance Line 1.3136 and add more long Positions.
Comentarios:
Right today after 7 hours BOC will release the the interest rate, so there will be an unexpected movement on CAD pairs.
Any way the expectation there is no change, so we have 2 options:
1- Drawdown and close on Break-Even
2- The Price will fly to target by minimum 80 PIP in one 4H Candle.
My recommendation is to set the SL on Entry Price or below the bottom by 10-20 pips and let the price to move.
Any way the expectation there is no change, so we have 2 options:
1- Drawdown and close on Break-Even
2- The Price will fly to target by minimum 80 PIP in one 4H Candle.
My recommendation is to set the SL on Entry Price or below the bottom by 10-20 pips and let the price to move.
Operación cerrada manualmente:
The Trade closed on Break Even after the price moved 67+ pip.
Long = 1.3066
S.Loss = 1.3016 ( 50 Pips)
T.Profit = 1.3296 (230 Pips)