Get started
FX618Analysis

POSITION TRADING: BUY LIMIT ORDER FOR USDCAD. TARGET 1.40600

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
FX618Analysis  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD LONG positiontrading breakout Supply Zone Demand Zone
1
1
trendanalysis chartpattern indicator usdcad long positiontrading breakout supplyzone demandzone
TRADE TYPE: BUY LIMIT ORDER
TRADE DIRECTION: LONG
TIMEFRAME: MONTHLY
ENTRY PRICE: 1.33100
STOP LOSS: 1.25500
TAKE PROFIT: 1.40600
RISK TO REWARD: 1:1

ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

Related Ideas

FX618Analysis
SWING TRADING: SELL LIMIT ORDER FOR USDJPY. TARGET 129.550
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.