First Entry was at 1.2929 Second Entry is pending order at 1.2910 Stop is at 1.2881 Target is at 1.2971
I have 5 reasons to buy USDCAD for a daytrade.
1. Currency Strength Meter USD is strong CAD is Week 2. Trendline Support 3. Support Zone Intraday 4. Market Profile from yesterday 5. Bullish Divergence Signal
The Rules: If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
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