BestForexTradingSignals

USDCAD - 5 Reasons For A Daytrade Buy!

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Buy #USDCAD Plan

First Entry was at 1.2737
Second Entry is pending order at 1.2713
Stop is at 1.2675
Target is at 1.2793

I have 5 reasons to buy USDCAD for a daytrade.

1. Currency Strength Meter USD is strong CAD is Week
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bullish Divergence Signal

The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.

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The trading strategy is fully explained in video below

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