Breakout Patterns PremiumClosed TradesCurrenciesCurrencies PremiumFX MINORS Trade Ideas PremiumPremiumTalking ChartsTrade Setups

USDCAD Trade Idea Long Opportunity TP2 Reached 100 Pips

USDCAD Trade Idea Long Opportunity

Published: 07-17-2018

Pair / Instrument: USDCAD

Time Frame: H4

The trend in the Timeframe:  BULLISH

The trend in the Daily Chart: BEARISH

Description: USDCAD completed a bullish wedge on the H1 Chart. It is likely to test 1.31600 trendline resistance. Breakout of the resistance will trigger the bullish move.

Trade Based On: Triangle Pattern Breakout

Accuracy: %892

Trade: LONG

Entry: 1.31600 – 1.31700

Stop Loss: 1.31000 ( H1 Closing Below )

Take Profit 1: 1.32100 / TP 1 REACHED

Take Profit 2:  1.32600

Notes: Wait for the breakout.

Link to follow the chart and idea: USDCAD Trade Idea

Broadening Wedge and add Long at 1.32000.  Stop at 1.31600

Update: Targets Reached 100 pips / Trade Closed

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.

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

 View the Packages

If you would like to get a free midterm analysis of an instrument, send an email to itradeandwin@gmail.com, we will publish it for you.

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 Trade Idea:  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