As we can understand from the above chart USDCAD is moving down towards our support region.
And the exact support region marks the completion of ABCD pattern, it depends on individual to decide where to enter the trade based on ratio's. Thats why marked it as Entry zone instead of particular price level in USDCAD.
Even if you enter around the same levels which I have marked, you will be getting risk:reward around 1.5 which is good for countertrend trade opportunities. Lets decide where our orders go in entry zone for USDCAD & put some orders & let's wait till it gets filled.
Hit Likes if you agree...
Thanks for your Support... Happy Trading !
And the exact support region marks the completion of ABCD pattern, it depends on individual to decide where to enter the trade based on ratio's. Thats why marked it as Entry zone instead of particular price level in USDCAD.
Even if you enter around the same levels which I have marked, you will be getting risk:reward around 1.5 which is good for countertrend trade opportunities. Lets decide where our orders go in entry zone for USDCAD & put some orders & let's wait till it gets filled.
Hit Likes if you agree...
Thanks for your Support... Happy Trading !
Comment:
I hope few of you guys have got their orders filled by now
Comment:
Targets achieved
