USDCAD range-bound market to PICK A SIDE
USDCAD has been travelling in the range 1 between 1.350 to 1.368
Key things to take note for your trade planning:
- SUPPORT from previous opening gap on 8 March 2020, we can see that it formed as support for the range-bound market 3 June 2020, 23 June 2020, 9 July 2020 and today.
- Wait for a clean breakout before enter the market, either hammer/engulfing to enter long or clean breakout to range 2 to go short.
- With tight stoploss this can have a very good RR.
Key things to take note for your trade planning:
- SUPPORT from previous opening gap on 8 March 2020, we can see that it formed as support for the range-bound market 3 June 2020, 23 June 2020, 9 July 2020 and today.
- Wait for a clean breakout before enter the market, either hammer/engulfing to enter long or clean breakout to range 2 to go short.
- With tight stoploss this can have a very good RR.
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.
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.