In this thread i'll post the trade i take. I'll introduce myself later this week.
Here is my first trade.
Buy USDCAD at around 1.1125-1.1130, stoploss will be at 1.1090.
The targets are 1.1220, afterwards 1.1340 and best case target 1.1400.
This trade is based on the fact that the pair has come down a lott recently. Its possible it will fall further but for me there are signs it could go up.
I'll buy now at a level where it went up some candles ago. I place my SL just some pips below this level so that my risk is small compared to the possible profit.
When the pair manages to break the trendline this is for me a signal to buy again.
Letts see how it works out.
Rstrader13
Here is my first trade.
Buy USDCAD at around 1.1125-1.1130, stoploss will be at 1.1090.
The targets are 1.1220, afterwards 1.1340 and best case target 1.1400.
This trade is based on the fact that the pair has come down a lott recently. Its possible it will fall further but for me there are signs it could go up.
I'll buy now at a level where it went up some candles ago. I place my SL just some pips below this level so that my risk is small compared to the possible profit.
When the pair manages to break the trendline this is for me a signal to buy again.
Letts see how it works out.
Rstrader13
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