USDCAD 1.26405 + 0.06 % * STRUCUTRE & DIRECTION IDEA HIGHER TFRM

16 февр. 2021 г.

Hello everyone

Hope everyone is having a good one on the charts this week MORE MONEY LESS GREED, here's a look at USD/CAD from the monthly perspective to determine some the direction ideas in the coming weeks, looking from the monthly char the pair has respected an arc formation which saw a breakout of this structure and a retest pushed down to support level 1.30225 broke down and currently seems to be on a verge of a retest of this level so looking at price and technical aspects seems the pair can push down with the bears for a while so we are net bearish on the DOLLAR CAD & THAT'S MY 2 CENTS ON THE DIRECTION AND PRICE.

AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.

LET'S SEE HOW IT GOES..

HAPPY TRADING EVERYONE & LET YOUR WINS RUN...

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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

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If this idea helps with your trading plan kindly leave a like definitely appreciate it.