Idea from May 2: USDCAD→ Alligator strategy signal
Hello traders,
We are watching the USDCAD pair today.
After the dollar news and the Fed's interest rate decision yesterday, the USDCAD price fell, finding support at 1.3710-1.3720 above the Alligator's jaws. At the moment, the price forms a good signal according to my Alligator strategy, fulfilling all the conditions and requirements for entering a BUY trade from levels 1.3720 -1.3730
I think the dollar will at least retrace yesterday's fall and reach my first target (the 0.618 level of the Fibonacci Extension).
The first target(T-P1) for closing profitable positions is the 1.3780-1.3790 level.
A second target is the 1.0 level or the Fibonacci extension or 1.3860
You can set your SL at the support zone 1.3630
We are watching the USDCAD pair today.
After the dollar news and the Fed's interest rate decision yesterday, the USDCAD price fell, finding support at 1.3710-1.3720 above the Alligator's jaws. At the moment, the price forms a good signal according to my Alligator strategy, fulfilling all the conditions and requirements for entering a BUY trade from levels 1.3720 -1.3730
I think the dollar will at least retrace yesterday's fall and reach my first target (the 0.618 level of the Fibonacci Extension).
The first target(T-P1) for closing profitable positions is the 1.3780-1.3790 level.
A second target is the 1.0 level or the Fibonacci extension or 1.3860
You can set your SL at the support zone 1.3630