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TevinW

USDCAD Potential Buy Setups For The Week Ahead

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TevinW Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Beyond Technical Analysis USDCAD Fibonacci Retracement riskreward usdcadlong tradingrange
3
0
trendanalysis beyondta usdcad fibonacciretracement riskreward usdcadlong tradingrange
Trade 1: Wait for price to reach median trading range line/near top of support area and enter on bullish momentum
Risk/Reward to Target 2: 1/3

Trade 2: Wait for price to reach major trend line/near bottom of support area and enter on bullish momentum
Risk/Reward to Target 3: 1/7
Comment:
Looks like the likelihood favored the trade 1 set-up, approaching first target.
Comment:
Target 1 hit. Partial profits taken.

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