USD/CAD Long

Trading Discussion
1

See the Daily Chart

2.jpg700×386 33.8 KB

Trade Rationals:

  1. Bullish Divergence
  2. Price resting at rising trend line
  3. Oversold Stochastic
  4. Price at previous resistance which can be turned to support

Trade Details:

Long at : 0.9930, TP: 1.0050, SL: 0.9890, Risk: 2%, RR Ratio: 1:3

All the Best…

2

Excellent analysis!!!
Even the USD/CAD short analysis by salt-n-pipper is very interesting. It will nice to see the battle as to whose idea is right. I like both trades but a little favourable with salt-n-pipper’s as risk appetite is increased and might help strengthen CAD. .

But i will follow this carefully. All the best.