Breakout Patterns PremiumClosed TradesCurrenciesCurrencies PremiumFX MINORS Trade Ideas PremiumPremiumTalking ChartsTrade Setups

USDCAD Fractal Triangle and Trade Opportunity Update: TP2 Reached 50 pips

USDCAD Fractal Triangle and Trade Opportunity

Published: 08-30-2018

Pair / Instrument: USDCAD

Time Frame: H1

Description: USDCAD formed a fractal triangle on the H1 Chart. The direction of the breakout of the triangle would determine the shorter term price action. 

Long Opportunity: Breakout of the 1.29400. Targets will be 1.29700 and 1.29900. Stop Loss must be placed below 1.29200. ( Price may pullback to 1.29000 and break upside at a lower level )

Short Opportunity: Break below 1.28900. Targets will be 1.28600 and 1.28400.

Update: Long Trade is executed. Target Reached. 50 Pips

You can view the chart and follow the breakout : USDCAD BREAKOUT

 

 

Subscribe to our services free of charge

 SUBSCRIBE FREE

OR

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

 View the Packages

If you find our content useful, you can donate via PayPal.

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

USDCAD Fractal Triangle: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker