USDCAD H16: XABCD Best Level to BUY/HOLD +200/+350 pips(SL/TP/NE

22 feb 2021

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USDCAD H16: XABCD Best Level to BUY/HOLD +200/+350 pips(SL/TP/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
WARNING: higher risk setup. use low
leverage. use tight stop loss. do your own due dill.

🔸 Summary and potential trade setup
::: USDCAD 16our/candle chart review
::: speculative XABCD in progress
::: trading point C is ALWAYS HIGH RISK
::: focus on buying mild dips / market buying
::: stop out level - red dashed line
::: point D of pattern is 3000 +340 pips
::: overall great upside if we get followthrough
::: higher risk setup: buy at market / market buy
::: TP1 +200 pips TP2 +350 pips
::: lower risk setup: BUY after pullback
::: swing trade setup DO NOT expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/point D/PRZ
::: Sentiment outlook mid-term: BULLS/REVERSAL

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.