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FX618Analysis

POSITION TRADING: USDCAD BUY LIMIT ORDER. TARGET 1.40600

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USA-dollar/Kanadensisk dollar (FX:USDCAD)  
FX618Analysis Uppdaterad   
FX:USDCAD   USA-dollar/Kanadensisk dollar
Trend Analysis Chart Patterns Technical Indicators LONG buylimit supply_and_demand breakout support Support and Resistance USDCAD
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trendanalysis chartpattern indicator long buylimit supply_and_demand breakout support supportandresistance usdcad
TRADE TYPE: BUY LIMIT
TRADE DIRECTION: LONG
TIMEFRAME: MONTHLY
ENTRY PRICE: 1.33000
STOP LOSS: 1.25400
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 is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
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