USDCAD Analysis and plan
Price Broke out on daily from a big triangle and got a confirmation candle to the down side, Daily target is 1.34452
Expecting to the price to reach the target in 10 to 20 days/bars, anything after that this needs to be reevaluated again.
as on 4H and 1H, Price is ranging and expected to continue ranging on smaller time frames, until we get a clear breakout and may be formed a channel, trading should be small and taking quick profits.
If the price formed a trading range, it tend to stay in a trading range as much as possible.
I will mainly be looking for 1R to 2R targets and use wide stops, buy low, sell high and scalp whenever is possible on 15m and 5m charts
Expecting to the price to reach the target in 10 to 20 days/bars, anything after that this needs to be reevaluated again.
as on 4H and 1H, Price is ranging and expected to continue ranging on smaller time frames, until we get a clear breakout and may be formed a channel, trading should be small and taking quick profits.
If the price formed a trading range, it tend to stay in a trading range as much as possible.
I will mainly be looking for 1R to 2R targets and use wide stops, buy low, sell high and scalp whenever is possible on 15m and 5m charts
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