Keeping a close eye on USDCAD around 1.3 resistance area for a possible rejection and trend reversal. Also remember the overall price direction, even though there is huge profit potential always cover your trades at break even or a capped risk amount! Trend reversal areas can be very manipulating... An even better trade would be price to show a sell off then look for the right shoulder move for a continuation back down.
Nice work. :) Keen to see how this plays out. I agree with the sell
lungap
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Good analysis,
What is your suggested stop-loss price?
jamison_fx
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@lungap they way I trade I like to get in with tight stops when I see the right price action, I would have a stop if I entered right now just above 1.30100