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VNSmartMoney
Jan 8, 2024 5:26 AM

USDCAD (H1) Buy now at 1.33737 Long

U.S. DOLLAR / CANADIAN DOLLARICE

Description

USDCAD (H1)
Appears to have a pattern of narrowing the fluctuation range
(Ignoring Non-farm abnormalities)

Buy now at: 1.33737
Stop loss at: 1.33288
Take profit at: 1.34727

Comment

There has not been a really clear price movement trend from the USDCAD exchange rate. Take profit at the present time, raise stop loss to entry point (1.33745)

It takes too long to create a trend for trading orders on the H4 frame

Trade closed: stop reached

End trade!
Comments
leftwing11
this is incorrect advice. You should never buy at a higher high! wait to buy at the higher low!
VNSmartMoney
There has not been a really clear price movement trend from the USDCAD exchange rate. Take profit at the present time, raise stop loss to entry point (1.33745)

It takes too long to create a trend for trading orders on the H4 frame
VNSmartMoney
@VNSmartMoney, Take profit at the present time (1.3387) or Move stop loss to entry point (1.33745)!
VNSmartMoney
@VNSmartMoney, end trade!
TraderEngineering
Nice clean chart! I think this outcome is a probable one.
VNSmartMoney
@TraderEngineering, thanks you!
TheFxAce
The market growth prospects you've highlighted are both exciting and plausible.
VNSmartMoney
@TheFxAce, thanks you so much!
GMMTrading_
negative divergence
VNSmartMoney
@GMMTrading_, maybe! But I think it's not in this case.
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