USDCAD 4H RANGE TRADES

Pair has been in a consolidation pattern above the 50 sma.
Buy stop @ 1.2918 if prices pushed for a higher high in the up trending pattern
Long Take Profit @ 1.2995
Sell Stop @ 1.2795 if price drops below the 50 sma
Sell Take Profit @ 1.2730
I will follow the Macd for a stop loss either direction.
If Macd crosses either the Red Signal Line or the Zero level line against open trade
Or a hard stop of 26 pips above/below the candle that opens your trade

Yorum:

4H RANGE BREAKOUT TARGETS