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USDCAD 4H RANGE TRADES

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Tradingstrategyguides Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators rangebreakout entrypoint takeprofit stoploss USDCAD FXCM forextrading
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trendanalysis chartpattern indicator rangebreakout entrypoint takeprofit stoploss usdcad fxcm forextrading
Pair has been in a consolidation pattern above the 50 sma.
Buy stop @ 1.2918 if prices pushed for a higher high in the up trending pattern
Long Take Profit @ 1.2995
Sell Stop @ 1.2795 if price drops below the 50 sma
Sell Take Profit @ 1.2730
I will follow the Macd for a stop loss either direction.
If Macd crosses either the Red Signal Line or the Zero level line against open trade
Or a hard stop of 26 pips above/below the candle that opens your trade
Comment:
4H RANGE BREAKOUT TARGETS
snapshot
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