USDCAD Price Action Analysis – 28th Dec 2018
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USDCAD has been on a bullish run and has been climbing steadily over the past 4 weeks. We think that this climb perhaps is due for a reversal especially with the hint that the pin bar has provided to us the day before. So here’s our trades for this pair today. We will be entering a Buy and Sell Stop Order. In the event of a breakout of either direction, please cancel the opposing order.
Here’s the first order for Buy:
- Buy Stop Order: 1.36650
- Stop loss: 1.36450
- Take profit: 1.36750
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Here’s the Sell Stop Order:
- Sell Stop Order: 1.35600
- Stop loss: 1.35800
- Take profit: 1.35500
If you have entered the orders correctly, then we are waiting for a breakout to happen either on the long or short side. Your MT4 screen should look like this.
Either way… we are getting some action
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