JeevanKapaganti
Short

USDCAD Divergence Confirmations. Long term Trading Strategy.

FX:USDCAD   U.S. Dollar/Canadian Dollar
Unfortunately we hit last stop loss but there was no close above the previous highest high.
So, there is a high probability to catch the trade again. Risk averse traders can join the trade by sell limit at the low of this week candle. FX:USDCAD            

If Risk is too high for you .... wait for nice price action/ pattern formation in lower timeframes.
Reason for Trade Setup:
Price Action 5 Impulse wave almost complete. Possible Correction or in best case complete reversal.
Support from Divergence confirmations on multiple indicators.

SL - Close above this high.
TP - ATR(5), 2*ATR(5), remaining on chart.
Trade closed: target reached: Target 1 Reached.
Target 2 is still reachable.
Momentum is slowing down Update your Stops to Breakeven.
High Possibility that price will retests 1.3460 strong resistance area before hitting other targets.
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