USDCAD either direction would be possible.

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis harmonicpatterns waveanalysis

USDCAD, for north, there would be a Cypher pattern C point now. For south, it could go to down trend bottom line. Either way would be possible. Try to place stop entry order for two direction. Since it is going to complete a triangle pattern.

Comment:

Short order step out. Lose 31.1 point.

Comment:

Long order opened. move stop to open price.

Comment:

Move stop to 1.27450.

Comment:

Move stop to 1.2790

Comment:

Move stop to 1.2826

Trade closed manually

Comment:

1.28628 - 1.27275 = 135.3 - 31.1 = 104 points profit.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.