USDCAD Long
We're looking for a breakout on H4 resistance level ( 1.33424 ).
Either a Sell Limit could be place or a Buy Stop of 7 pips away.
As it is still climbing on an uptrend there'll be a probability of Buy stop being initiated,
As there's a strong resistance level on H4 chart, a sell limit would be possible as well,
So why not place this orders with SL of 15-20 pips away on a 1:1.5 ratio of profit.
Either way, trade safe :)
Either a Sell Limit could be place or a Buy Stop of 7 pips away.
As it is still climbing on an uptrend there'll be a probability of Buy stop being initiated,
As there's a strong resistance level on H4 chart, a sell limit would be possible as well,
So why not place this orders with SL of 15-20 pips away on a 1:1.5 ratio of profit.
Either way, trade safe :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.