PateSkpate
Long

USDCAD 240 Trend Continuation - Reversal Zone

FX:USDCAD   U.S. Dollar/Canadian Dollar
10 months ago
USDCAD             is coming into Daily Support. This is a Potential Reversal Zone for the resumption of the uptrend. Price has created a descending channel right into the support area. These descending channels tend to breakout to the upside.

Stops - Need to be at least 1 ATR below reversal zone.

Targets - Potential Targets are shown on the chart.. They are based upon Structure.. They are simply Resistance Levels overhead.
10 months ago
Trade active: I bought after the Break and Close out of the Descending Channel.

Stops are for me are 1 ATR Below the Breakout bar. IF that gets stopped out THEN i have to be willing to take this a pure structure trade by buying again at a better price and getting stops below the Reversal Zone!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out