Not for trade! USD/CAD....3 things before you do something
Hello traders!
If you think to trade USD/CAD, take in consideration these 3 things:
1. We have a double Bottom on graph (soon a triple) = Buy; in the same time we have a H&S that is almost confirmed for Sell... nothing clear
2. On W1 the price rise a lot and now we are looking for short, on D1 the price fall a lot and we are looking for long.... still nothing clear
3. SL will be really big in this position (for sell above the last high, for buy below the last low), the risk/reward can be 1:1 max 1:2.
Leave on comments your oppinion.
Have a great day!
If you think to trade USD/CAD, take in consideration these 3 things:
1. We have a double Bottom on graph (soon a triple) = Buy; in the same time we have a H&S that is almost confirmed for Sell... nothing clear
2. On W1 the price rise a lot and now we are looking for short, on D1 the price fall a lot and we are looking for long.... still nothing clear
3. SL will be really big in this position (for sell above the last high, for buy below the last low), the risk/reward can be 1:1 max 1:2.
Leave on comments your oppinion.
Have a great day!