POSITION TRADING: BUY LIMIT ORDER FOR USDCAD. TARGET 1.40600
TRADE TYPE: BUY LIMIT ORDER
TRADE DIRECTION: LONG
TIMEFRAME: MONTHLY
ENTRY PRICE: 1.33100
STOP LOSS: 1.25500
TAKE PROFIT: 1.40600
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
TRADE DIRECTION: LONG
TIMEFRAME: MONTHLY
ENTRY PRICE: 1.33100
STOP LOSS: 1.25500
TAKE PROFIT: 1.40600
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
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