🔄 USDCAD: CURVE ANALYSIS 🔄

(Based on the 1W Chart)

SLO2 @ 1.3880 📉 +260 pips
SLO1 @ 1.3815 ⏳
SSO @ 1.3590 ⏳
TP1 @ 1.3310
TP2 @ 1.2993
TP3 @ 1.2766
TP4 @ 1.2400
TP5 @ 1.2185
BLO @1.2115 ⏳

ADDITIONAL INFO:
🤑 Net Equity since our SLO2 is @ +260 pips

This is an Intermediate Time Frame trade (4 hours to 6 day):

— Offers a clearer picture of the underlying trend compared to short-term frames.

— Provides more opportunities for confirmation signals and technical analysis.

— Allows for more flexible trading schedules, trades can be held overnight.

— Suitable for swing traders and some positional traders.

Transaction en cours:

USDCAD...UT
— Based on the 2D chart, there is the probability of Price Action reacting from a major Support Level @ 1.3530

— If so, it could be a hard push back to the upside

— Price Action could retrace as high as our SLO1 @ 1.3815

— Due to the upcoming CAD & USD News, I'm placing a TIGHT MANUAL TRAILING STOP @ 1.3590

Trade fermée: ordre d’arrêt atteint:

📈 As anticipated, the USD & CAD News, cause Price Action to retrace to the upside

💰 Now that our Manual Trailing Stop @ 1.3590 has been triggered we were able to capture +185 pips off of this swing trade.

📉 Let's double up on our money and get ready to short again from the same SLOs @ 1.3815 and 1.3880

Commentaire:

UPDATED Curve Analysis COMING SOON.