ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor USD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.2695, 1.2775, 1.2853
Key Support Levels: 1.2550, 1.2495, 1.2453
Daily Time-frame:
The price on the higher time frame was trading in a range for a few weeks and recently made an unsuccessful attempt to break the zone to the upside. After a breakout to the upside, the price faced rejection and reversed sharply. The price has broken the downward range.
USD/CAD Medium-Term Trend: Bearish
1-Hour Time-frame:
On the lower time frame, the price is moving in the major trend’s direction. We are seeing a few rejection wicks and price is continuing the trend. Support if 1.2612 is also broken and there was a retest before the price continued the momentum.
Signal Idea:
Sell Stop Order @ 1.2586
TP 1 @ 1.2529
TP 2 @ 1.2474
Stop Loss @ 1.2642
Trade Safely 🙂
Hi guys,
Are you still keeping the position open?
Hi,
Yes, the position is still open. It’ll be updated in the group if there is any change.
Hey Vipul, is this trade still valid? I am in in DD and thinking about to close but want to hear your Opinion 😉
Hi,
We have had trades that missed SL by a few pips and went on to hit TP1 and TP2. So its always best to wait for either SL or TP unless otherwise updated in the group. If you are in DD and not comfortable holding then i would advise you to reduce the position size.
Happy Trading
Thx, i agree. As i use 1% its fine. I will wait a bit more. It needs to break the Daily Trandline where its rejected now two times