ginfrix

USDCAD (Forming a Flag)

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD trade idea

Buy Entry @ 1.20750
Stop loss @ 1.20400
Target Price @ 1.21750

RRR : 2.86

Buy trigger

USDCAD has been in consolidation for the past week, but making higher lows forming a flag pattern .
In view of the upcoming economic news release this week (NFP,etc.) my bias for the pair is long.
Positive data from the US will trigger a bullish move for USDCAD .

Stop loss is at 1.20400 a break in this level will drag the pair down and continue in its downtrend until 1.2000

Comments

don't hopping for long bullish trend right now. this pair will be bearish until 1.9500. im very much positive about this.
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ginfrix taikengkau
@taikengkau, stop loss was hit. thank you for your idea.
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