GOOD OPPORTUNITY TO GO LONG ON USDCAD

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A decent opportunity for USDCAD has opened up on the 1hr . I will be looking for price to retrace 50% of that Bullish impulse. Should price move to that zone, i will be entering with 1% capital risked.

Both Stop loss and Take profit have been marked with a risk to reward ratio of 1:2.

Remember to always manage your risk on every trade because no trade is guaranteed to be a winner. Your job as a trader is to have an objective edge with every trade taken with proper risk management.

Happy trading all :)
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Chart PatternsconfidenceDXYdxylongprofitTrend AnalysisUSDCADusdcadbuyusdcadlongWave Analysis

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