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FX618Analysis

POSITION TRADING: BUY LIMIT ORDER FOR USDCAD. TARGET 1.40600

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
FX618Analysis  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns Technical Indicators USDCAD LONG positiontrading breakout Supply Zone Demand Zone
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trendanalysis chartpattern indicator usdcad long positiontrading breakout supplyzone demandzone
TRADE TYPE: BUY LIMIT ORDER
TRADE DIRECTION: LONG
TIMEFRAME: MONTHLY
ENTRY PRICE: 1.33100
STOP LOSS: 1.25500
TAKE PROFIT: 1.40600
RISK TO REWARD: 1:1

ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

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