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Jun 4, 2021 6:42 AM

#USDCAD Trading plan Long

U.S. Dollar/Canadian DollarFXCM

Description

Hi friends!
In the idea, I describe the reasons on the basis of which, I consider trading in one direction or another.

1) After a strong fall in prices, the pair has been trading for 3 weeks in the channel (1.2142-1.20129);
2) The stock of the price movement at the exit from the channel in both directions;
3) Accumulation of energy;
4) I expect good movement at the exit from the channel in any direction;
5) At the moment, the priority is the breakdown of the resistance level 1.2142 and further growth;

The trading system includes losing trades, do not forget to set stops and calculate the risks correctly!
Profit to everyone!


✔ Do not forget to trade using your own trading system and with stops!
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