Is this the moment we've been waiting for??
It doesn't get much easier than this, USDCAD just broke and retested lower trend line & demand zone with tons of space to the downside. I'll be looking to enter once 1.31000 (psychological level) breaks again, with long term targets toward 1.25000 (approx 600 pips).
However
I'm being cautious with this though, because price could also just bounce off demand & retest the .50 prz to create a triple top or lower highs. With a swing trade like this you don't want to jump in too early, because stop loss placement could easily be around 200 pips, and that's a tough loss to take, no matter what your position size is.
Hindsight is 20/20
#GoodLuck
However
I'm being cautious with this though, because price could also just bounce off demand & retest the .50 prz to create a triple top or lower highs. With a swing trade like this you don't want to jump in too early, because stop loss placement could easily be around 200 pips, and that's a tough loss to take, no matter what your position size is.
Hindsight is 20/20
#GoodLuck
