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arieg1985

Possible Long Position for USD/CAD_Trade Plan 2017.06.15

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
arieg1985  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD LONG tradeplan
4
0
usdcad long tradeplan
snapshot

D1, H4, and H1 are all showing the overall trend is still down with price hold below MA200.
However, in D1, price is rejected up from major D1 support area 1.31883-1.32497.
Currently in H1, price moving sideways after bouncing up from this support area and forming Bullish Flag Pattern.
If price breaks up this flag, can consider to long the market to follow the reversal momentum.
With Stop Loss 40 pips and Target Profit 105 pips, the potential trade offers 2.62 Risk-To-Reward Ratio.
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