Looking at a potential long set up for USDCAD. Our .618 fibonacci retracement level lines up perfectly with the 800 EMA (which we treat as support and resistance). In this scenario, the 800 EMA is our support level or our "floor".
Running a 50 pip take profit and a 30 pip stop loss. Typically, I recommend 0.01 per $100 in your account. But of course use this information as an educational source.
As always, let's eat.
Running a 50 pip take profit and a 30 pip stop loss. Typically, I recommend 0.01 per $100 in your account. But of course use this information as an educational source.
As always, let's eat.