Is a USDCAD bull market starting?
USDCAD closed above the daily 5 EMA suggesting a bull market may be beginning.
I will be looking for buy opportunities on the 15 minute time frame. Support levels within the market structure together with the 5 EMA will be target entry points.
I am risking ~0.0075% of my account value to gain ~2.5% per trade, if trades hit take profit targets.
Stop loss distance is 10 pips, take profit target distance is 33 pips.
I'll be attempting this as long as USDCAD daily candle stays above the 5 EMA.
I will be looking for buy opportunities on the 15 minute time frame. Support levels within the market structure together with the 5 EMA will be target entry points.
I am risking ~0.0075% of my account value to gain ~2.5% per trade, if trades hit take profit targets.
Stop loss distance is 10 pips, take profit target distance is 33 pips.
I'll be attempting this as long as USDCAD daily candle stays above the 5 EMA.
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