USDCAD Forex trade idea with good risk reward ratio
WE UPDATE OUR USDCAD TRADE :
USDCAD Price is @ 1.25500 now .
Our ultimate target was 1.22000
First Target is 1.24500 and this level is likely to be tested within this week.
So if you did not entered the SHORT trade , you may enter now .
BELOW IS THE ORIGINAL IDEA :
Few days ago we published a USDCAD Forex Trade idea. We were bearish and we still are .
Looking at the Fibonacci Lines ,there is a good trade opportunity on USDCAD 0.38% 0.38% pair.
1.27600 is thelevel % 23.60 and downtrend has not been changed
Our USDCAD Forex Trade Idea is :
So we enter a SHORT trade 1.27500
TP 1 : 1.24
TP 2: 1.22
DATE : August 16,2017
As we published on the original post , USDCAD is still bearish. Last two trading day due to North Korea case US Dolar Index moved up and USDCAD made an upwards attemp without success.
As seen on H4 Chart , price is approaching into buy cloud zone of Ichimoku.
So , if you did not enter the SHORT trade we suggest you to catch this profitable trade.
USDCAD Price tested 1.26000 . There might be some corrections . So we close %30 of our SHORT Positions .
We will add Short Positions in case of corrections to 1.26400 and 1.26800
So Far Profit : 150 Pips
UPDATE August 18th
As mentioned correcitions completed .
We add additional SHORT orders @ 1.26550
Target for Additional SHORT: 1.2573
RESULT : 1.2573 REACHED
ADDITIONAL PROFIT : +100 PIPS
SO FAR TOTAL : +250 PIPS
OUR MAIN POSITIONS ARE STILL OPEN WITH TARGETS
TP 1 : 1.24000
1.24000 REACHED (09/01/2017 15:45 LONDON TIME )
PROFIT SO FAR: 400 PIPS
STRATEGY: MOVE SL TO 1.27000
TP 2 : 1.22000
TP 2: REACHED
PROFIT SO FAR: 600 PIPS
TP 3: 1.20000
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