FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has given us a beautiful retracement to the downside and this has given a great opportunity to take a long in this pair.

This region holds strong support(Weekly and Monthly) at prices that are supposed to bounce from here to the region of 1.38900 approx.

So, we can take a long position here :)

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Comment: SL - 1.33000 GOOD RISK TO REWARD
Comment: Move stoploss to entry #NoLoss
Comment: If BE SL HIT THEN NO WORRIES WILL TAKE LONG AGAIN ON MONDAY AFTER SEEING PRICE ACTION
Comment: We will not be taking long in this pair for now. You can if you want to but remember the money management and use stop loss.
Comment: WATCH FOR LEVEL 1.35981 Prices may rebound from there
Comment: Watch for the daily close. If you have long open then move stop loss to entry
NO LOSS :)

Comments

am doing swing what was the perfect exit level?
Reply
nikhilgautam7000 javeedhhussain
@javeedhhussain, Can't predict perfect exit levels. Accordingly, anywhere between 1.38000-1.38900

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javeedhhussain nikhilgautam7000
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