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Friday, March 26, 2021

USDCAD Falling

USDCAD Falling

Well, I've been getting back into traditional Forex and not just Crypto, so what better place to start than the USDCAD pair!

This is a very nice, and simple pattern that has been in the works for over a year now (hopefully I'm not too late!). It's a typical downward parallel (mostly) channel that is having some pretty predictable ups and downs. As the chart shows my own particular buy-in, S/L, and T/P, with a R/R ratio of about 3, I'm never risking more than 2% of my funds on any particular trade, we'll see what happens. It's been awhile since I've traded Forex so we'll see if this was the right place to start again!

As always, comments and ideas are welcome!

This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.



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