USDCAD for a Risk to Reward of >1:2

USDCAD12Jun

Counter : USDCAD

Direction : Long

Technical Description : On Daily TF price floating above 200 SMA which indicates a continuous uptrend. Previous price action fail to break support around 1.34 level. 4 hour trend line support since Feb. Elliot Wave 5 on 4hour. USD Strength bias.

Reward : > 200%

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https://www.facebook.com/groups/tradesnprofits/

 

Author: Trades&Profits

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