erikpolakk

USD/CAD - expect an upward rise , 15min -20.09.20

Long
erikpolakk Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
->In this analysis, I decided to analyze the USD / CAD currency pair, the analysis comes from a 15 min chart. As we can see from the graph, a rising wedge formation has formed, I expect to move up. We enter the position when the price breaks the value of R-1 and gives a clear indication of an upward movement. We enter the position on retest the broken price value or with a clear increase. Around 1.32077.
===
->If the price breaks the channel, we do not enter the position.
===
(Buy)
Entry - When the price breaks R-1 (1.32077)
TP 1 = 1.32300
TP 2 = 1.32530
TP 3 = 1.32790
SL = 1.31852
===
->If you have any questions or concerns, feel free to comment in the comments section. If you like my idea you can support it with like.
-This is not financial advice.
Trade safe!
Comment:
->All TPs Hitted !I
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.