UnknownUnicorn261897

USDCAD Institutional Buy Setup!

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Good day traders!

The 1.3115 figure marks some key support where institutional buyers may be interested in adding to longs.

A dip into the figure may be matched with swift buying.

It is up to you how you set your entry, stop, and exit, however I suggest buying at the figure with a 40-50 stop loss and look to get whatever you can on the profit side.

Enjoy!
Trade active:
Long from 1.312
Trade closed: target reached:
Closed out with about 45 pips... may still be good for the 50, but no sense in risking giving any up. Enjoy!
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.