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USDCAD H2: REVERSAL setup / BUY LOW TP +300 pips (SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I'm expecting a
REVERSAL sequence in this market.
🔸 Summary and potential trade setup
::: USDCAD 2hour/candle chart review
::: speculative REVERSAL setup in progress
::: expecting more downside in this market
::: short-term before reversal later from S/R
::: KEY REVERSAL ZONE: 3420-3460
::: recently price contained within range
::: recommend to BUY LOW after sell off
::: recommended strategy: / BUY LOW 3420/3460
::: expecting throwback inside range 3700
::: lower risk strategy: buying after DUMP
::: SL 60 pips TP1 3700 TP2 3800 +300/400 pips
::: this is lower risk / recommend to BUY PRZ
::: TP BULLS is +300-400 pips (range highs final TP)
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.