ElemontFX
Long

USDCAD BOUNCE SETUP

FX:USDCAD   U.S. Dollar / Canadian Dollar
219 1 7
USDCAD             is currently testing the bottom of its main flag pattern and is finding demand early on. There is an opportunity here for a very high risk:reward trade, using a super-tight SL just below the trendline . Our loss will be very minimal whereas our profits would be over 7x the loss.

If the bottom trendline does break, it may warrant an entry short targeting the next support level upon confirmation.
Trade active: I moved my SL to just above my entry so I am in a risk-free trade, and I recommend the same for everyone else trading this
Trade closed: target reached: I took profit at the 200 MA
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out