USDCAD Price Forecast
The pair is forming higher highs and price crossed the H4 200 ma so I am waiting to see something like that with the RRR as shown.
Price could potentially reach the zone with the green eclipse as shown.
Also I am learning to be patient and take trades in bigger TFs coz thats where you will catch the big moves. I had super nice entries in 30, 15 and 5 min and price would go in my favour for like 20 or 35 pips before starting to rally back and I ended up closing more of the trades with less than 15 pips. Or price would go straight to my SL, take me out with a couple pips then reverse and go how I thought it would.
So thats why I am learning to take trades in bigger TFs like H4, H1 and D1. It doesn't matter if the trade will take 2 days, a week or even 3. If you catch a good trade, thats what counts. Plus this approach saves you time watching charts and stuff and kinda good RRR.
Lets see how things go
Cheers!
Price could potentially reach the zone with the green eclipse as shown.
Also I am learning to be patient and take trades in bigger TFs coz thats where you will catch the big moves. I had super nice entries in 30, 15 and 5 min and price would go in my favour for like 20 or 35 pips before starting to rally back and I ended up closing more of the trades with less than 15 pips. Or price would go straight to my SL, take me out with a couple pips then reverse and go how I thought it would.
So thats why I am learning to take trades in bigger TFs like H4, H1 and D1. It doesn't matter if the trade will take 2 days, a week or even 3. If you catch a good trade, thats what counts. Plus this approach saves you time watching charts and stuff and kinda good RRR.
Lets see how things go
Cheers!
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