USDCAD forex trade signal with good risk reward ratio

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 the Fibonacci Retracement level % 23.60 and downtrend has not been changed

Trade :

Our USDCAD Forex Trade Idea is :

So we enter a SHORT trade 1.27500

SL 1.29500
TP 1 : 1.24
TP 2: 1.22

good risk reward ratio .

Good Luck


UPDATE :

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.

USDCAD Ichimoku Alert

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.

UPDATE :

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

UPDATE: (09/06/2017)

TP 2: REACHED

PROFIT SO FAR: 600 PIPS

TP 3: 1.20000

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