After a massive sell-off USDCAD is in digesting mode and a BUY order at market seems a good trade to me.
IDEA: close if H4 candle closes below 1.21.
TP1 at 1.22
TP2 at 1.225
As usual I recommend to be strictly observant of a tight stop loss rule, beign that the case of a counter trend action.
For Taking Profit, you can do almost whatever you want, but don't make mistake of closing too early a winning position as in the long rum you will end up losing due to a poor risk/reward ratio in your operations.
Cheers
R
IDEA: close if H4 candle closes below 1.21.
TP1 at 1.22
TP2 at 1.225
As usual I recommend to be strictly observant of a tight stop loss rule, beign that the case of a counter trend action.
For Taking Profit, you can do almost whatever you want, but don't make mistake of closing too early a winning position as in the long rum you will end up losing due to a poor risk/reward ratio in your operations.
Cheers
R