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Thursday, May 20, 2021

USDCAD Bias: Short term sell ; Long Term Buys

USDCAD Bias: Short term sell ; Long Term Buys

Short term we are looking for price to finish at the demand zone which acts as a magnet for price. We want to see price consolidate at the demand zone , break the zone then retest for our optimal entry. The buy offers a 4.7:1 RR even if you wanted to use a conservative stop loss by placing the SL below the demand zone , the trade still provides 3:1 RR which meets the minimum requirement for us to enter.

Please like and comment as you see fit. I'm trying to build my reputation on trading view. I will be posting more consistently and would love to start a small community of traders to grow and earn with!

Thanks in advance guys & welcome to

from TradingView Ideas
via gqrds

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