Good morning All,
I've been analysing the USDCAD pair and noticed it's been oversold for some time. It just reached the midband of the falling channel yesterday, which suggests a potential long opportunity to me. I believe this setup offers a favourable risk-to-reward ratio of 1:2. Here are the details:
- Entry Point: 1.3734
- Take Profit (TP): 1.3888
- Stop Loss (SL): 1.3657
Wishing you all the best with your trades!
Ehsan
I've been analysing the USDCAD pair and noticed it's been oversold for some time. It just reached the midband of the falling channel yesterday, which suggests a potential long opportunity to me. I believe this setup offers a favourable risk-to-reward ratio of 1:2. Here are the details:
- Entry Point: 1.3734
- Take Profit (TP): 1.3888
- Stop Loss (SL): 1.3657
Wishing you all the best with your trades!
Ehsan
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.