USDCAD 240 Trend Continuation - Reversal Zone
USDCAD is coming into Daily Support. This is a Potential Reversal Zone for the resumption of the uptrend. Price has created a descending channel right into the support area. These descending channels tend to breakout to the upside.
Stops - Need to be at least 1 ATR below reversal zone.
Targets - Potential Targets are shown on the chart.. They are based upon Structure.. They are simply Resistance Levels overhead.
Stops - Need to be at least 1 ATR below reversal zone.
Targets - Potential Targets are shown on the chart.. They are based upon Structure.. They are simply Resistance Levels overhead.
Trade ativo
I bought after the Break and Close out of the Descending Channel.Stops are for me are 1 ATR Below the Breakout bar. IF that gets stopped out THEN i have to be willing to take this a pure structure trade by buying again at a better price and getting stops below the Reversal Zone!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.