USDCAD long, review
My previous idea of shorting this pair did not work out, it hit SL and had strong reversal last week.
My idea for this setup was, that the pair broke out of strong resistance at MR1 and would do a re-test with a continuation. Right now it looks like it will reach the TP zone without re-test today and maybe will do one next week. Not a great setup, as RR is 1:1 (+62,8/-61,7 pips). If the setup will be solid next week, then next TP target will be 1.3200.
My idea for this setup was, that the pair broke out of strong resistance at MR1 and would do a re-test with a continuation. Right now it looks like it will reach the TP zone without re-test today and maybe will do one next week. Not a great setup, as RR is 1:1 (+62,8/-61,7 pips). If the setup will be solid next week, then next TP target will be 1.3200.
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