USD/CAD - FURTHER UPSIDE - 2 TRAJECTORIES
I expect the pair to continue higher with first targets at 1.33440 - 1.33870 and extended targets in the region of 1.37095 - 1.37900
Note how I highlighted a 2nd trajectory as well. That is in because when we arrive to target area 1 we could potentially see a strong drop from that zone back down into the 1.2800s as the correction of the Leading Diagonal might not be completed yet. However, final targets do remain up until the 1.3700s
Stay tuned for the updates.
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Note how I highlighted a 2nd trajectory as well. That is in because when we arrive to target area 1 we could potentially see a strong drop from that zone back down into the 1.2800s as the correction of the Leading Diagonal might not be completed yet. However, final targets do remain up until the 1.3700s
Stay tuned for the updates.
Please follow and leave a like if you enjoy what you see want to see more
The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.