SHORT USDCAD : Technical Trading Until China And The US Agree

2019-11-24 17:36:55

The Canadian economic performance has justified the Bank of Canada’s refusal to join the Federal Reserve this year in easing monetary policy. The steady-state policy from Ottawa as the Fed cut rates three times beginning in July provided some support for the Canadian Dollar during the summer as the USD/CAD fell from its May and June highs over 1.3500.

Signal Specification
Pair:USD/CAD
Entry Type:Sell
Entry: 1.33445
Tp: 1.30087
Sl: 1.34543
R/R: 3.06
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4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
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Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
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