Marenno
Long

Long entry review USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
If the Pair stays above 1.2775 Level, the continuation of an UP move is possible.
Use the area Below 1.2750 For Stop Losses,

1st Mid term Target is at 1.2950,

PNF             is giving a 1.3425 Area as a target, which can be met within a few weeks in case of a USD strength continues.

I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy), Sometimes I prefer not to wait till my SL is hit.
P.S. Using a small stop losses in my strategy makes them triggered quite often, however, it saves my account from wide drawdowns, and keeps my RRR             positive.
youtube channel:
youtube.com/c/marenno

Using:
http://marenno.com/index.php/how-to-use-volume-and-open-interest-option-levels/

Counting:
http://marenno.com/index.php/counting-option-levels/

Banned: https://www.facebook.com/marennoacademy/
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out