USDCAD Institutional Buy Setup
Good evening traders!
Earlier today we took a long trade at the 1.3115 figure which we booked 45 pips on, but ran to hit out 50 pip target. This is shown below:
As it appears selling pressure resumes we will be looking to the 1.3 figure for a potential buy.
It is up to you how you decide to trade the level, but I advise setting a buy order near the figure and using a 40-50 pip stop loss.
Look to get whatever you can on the profit side.
Good luck to you!
Earlier today we took a long trade at the 1.3115 figure which we booked 45 pips on, but ran to hit out 50 pip target. This is shown below:
As it appears selling pressure resumes we will be looking to the 1.3 figure for a potential buy.
It is up to you how you decide to trade the level, but I advise setting a buy order near the figure and using a 40-50 pip stop loss.
Look to get whatever you can on the profit side.
Good luck to you!
