USDCAD Long idea for 560 pips
Updated
Bullish pennant formation.
Retracement within the flag to 50% measured on the daily chart & 4HR support on the recent low, price hit and pushed up with strength.
Break out on the 4HR chart of the pennant.
Entry on retest on 1hr chart.
SL @ 1.40064 (Just below the must recent swing low) 90 pips
TP1 @ 1.41844 89 pips
TP2 @ swing high @ 1.46722 480 pips
Overall Pip target of 560 pips.
Retracement within the flag to 50% measured on the daily chart & 4HR support on the recent low, price hit and pushed up with strength.
Break out on the 4HR chart of the pennant.
Entry on retest on 1hr chart.
SL @ 1.40064 (Just below the must recent swing low) 90 pips
TP1 @ 1.41844 89 pips
TP2 @ swing high @ 1.46722 480 pips
Overall Pip target of 560 pips.
Trade closed manually
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