Trader_Joe_Lee

USDCAD hourly cypher pattern and 2618 combination

Long
Trader_Joe_Lee Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has a cypher pattern and 2618 combination long opportunity.

My strategy is to wait for a reversal sign near 1.2490-1.2500 to trade, with an out @ 1.2480.
It's a quite narrow short-term trade, so 1:1 1st kick and strict risk-reward stop is a MUST.
Comment:
It didn't give any reversal sign there and broke X point, the trade canceled.

Trading the Cypher directly can get the 1:1 kick at least, but that's not my trading style though.

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.