USDCAD Buying trade for 150 pips profit (1:3 Risk to Reward)

29 Nis 2022

FACTS:

1) USDCAD is in a strong uptrend
2) This is seen in the daily and H4 charts
3) USD is still very strong but going through a retracement
4) There is a harmonic pattern completing around 1.2730 - 1.2740
5) Oversold in M15, M30 and H1

Let's wait for divergence to hop into this trade.

Good luck!

29 Nis 2022

İşlem aktif

There is a small inverted H&S in M15. This is the trigger I am waiting for and it is a BUY now. SL just 40 pips

30 Nis 2022

İşlem kapandı: hedefe ulaştı

A near perfect trade. I left 50 pips on the table sadly and took profit with about 70 pips only. Split the trade with AUDUSD as it paid out higher.

29/04/22 DEAL USD/CAD Mini converted at 1.07354490320793 SD SD32.26
29/04/22 DEAL AUD/USD Mini converted at 1.374876075 SD SD39.53

Closing 10 days of trading with 3.9968% gain.

Funds: SD10,399.68