Hi guys this isn't one of my usual pairs but I have found 2 potential short-term set ups on the USDCAD.
These involve:
Sell @ 132.75 area
Buy @ 131.95 area
I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit.
This is not a signal; just my analysis. Bare in mind they are both medium-risk trades, however I do think the sell is a nicer set-up.
These involve:
Sell @ 132.75 area
Buy @ 131.95 area
I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit.
This is not a signal; just my analysis. Bare in mind they are both medium-risk trades, however I do think the sell is a nicer set-up.