USDCAD on a triple possible level of support!
USDCAD is on a support formed by a very important swing high that we had before. In addition, right on the same level, there are the red and the orange moving averages that could work as dynamic key-levels.
Normally, we wait for a sign of rejection, but we can get an extraordinary risk-to-reward ratio structuring our trade like this, so I'm going to reduce a little my risk per trade and try to go the distance with it :)
Normally, we wait for a sign of rejection, but we can get an extraordinary risk-to-reward ratio structuring our trade like this, so I'm going to reduce a little my risk per trade and try to go the distance with it :)
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find out more at itstradingtime.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.