For the USDCAD I am looking for a move around the 1.283 area. This area looks like a huge turning point to me.
Target 1: 1.3399
Target 2: 1.3939
Target 3: 1.45876
Best of luck!
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And the trade will probably also take a few weeks to reach the targets. Because of the pretty big stop loss, it's best to open a smaller lot size than you would normally do.
Or you can keep a tighter stoploss.
So with a $ 1.000 account, thats a maximum of $ 50 loss on this trade.
So yeah, somewhere between 0.01 and 0.015 if you have a $ 1.000 account.
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