Hello dear friends!
I hasten to share with you the current trading signal, which is currently being formed on the currency pair. USD / CAD…
Let’s start with the factors that indicate a possible short-term growth of the US dollar against the Canadian currency.
one. The “Over & Under” reversal pattern appeared on TF M15:
2. The price is now 96 points below the southern border of the balance:
3. The number of long positions held by the crowd increased to 87%:
Therefore, a little above the extreme of the “left shoulder”, I placed a limit buy order with the following parameters:
- buy limit: 1.2380;
- take profit: 1.2445;
- stop loss: 1.2360.
The profit / loss ratio in this trade exceeds the classic 3 to 1.
All profitable trading!