USDCAD - Another nice 1:3 ratio trade //Key Level + Trend\\
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USDCAD has broken the downward trend, also it touched a key level, so looks like a nice pullback and nice start of an uptrend. Again it gives Us a nice 1:3 ratio to open order, which could be a regular Market Execution. We set Profit to the next closest levels, best case scenario it could give Us another nice +300 pips.
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Entry Level - Market Execution, About @1.32000
TP1 @1.33100
TP2 @1.34150
TP3 @1.35160
SL @1.31260
Remember to only use a max of 2% of your money on a trade.
I am not a "Financial advisor", so before doing something, do Your own research!
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For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard.
If You would like to see more of trades, press that "Follow" button!
Also, don't forget to leave a comment down below, what do You think?
--------------------------------------------------------------------------------------
USDCAD has broken the downward trend, also it touched a key level, so looks like a nice pullback and nice start of an uptrend. Again it gives Us a nice 1:3 ratio to open order, which could be a regular Market Execution. We set Profit to the next closest levels, best case scenario it could give Us another nice +300 pips.
--------------------------------------------------------------------------------------
Entry Level - Market Execution, About @1.32000
TP1 @1.33100
TP2 @1.34150
TP3 @1.35160
SL @1.31260
Remember to only use a max of 2% of your money on a trade.
I am not a "Financial advisor", so before doing something, do Your own research!
-------------------------------------------------------------------------------------
For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard.
Trade active:
If the candlestick on the 4H chart closes under the trend line and we haven't reached the SL, then we close it manually.
Trade closed manually:
I really don't like how the market is acting at the moment, so I better take a little loss and not risk with more. I closed it @1.31585 (-45pips).
Comment:
I might got out too soon, but sometimes I better take little loss then risk with more. Let's if it hits our Target points.
Trade closed: target reached:
If You would still be in the trade, You would reach the TP1.
Trade active:
At the moment we still going up. Im gonna update You guys with any news in this trade. See You guys! 😇