Setup:
It was noted that USDCAD could be losing more steam to fall to the 1.26 1.73 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
SL: 1.29485
TP: 1.28100
Trade2:
SL: 1.29485
TP: 1.27098
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
TP1 - 1:1
TP2 - 1:2.5
Total Risk:
2% or 140 PIPS
Total Reward:
3.4% or 240 PIPS
Good Luck :-)
It was noted that USDCAD could be losing more steam to fall to the 1.26 1.73 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
SL: 1.29485
TP: 1.28100
Trade2:
SL: 1.29485
TP: 1.27098
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
TP1 - 1:1
TP2 - 1:2.5
Total Risk:
2% or 140 PIPS
Total Reward:
3.4% or 240 PIPS
Good Luck :-)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.