On January 15 2025 I published an article –> Will USDCAD Rally Higher? , where I gave a BUY/LONG trade setup.
USDCAD January 15 2025 (Setup/Entry)
USDCAD January 17 2025 (Target Hit/Trade Closed)
Buy trade entered January 15 2025 at 1.4334 with Stop Loss at 1.4301 and on January 17 2025 USDCAD moves higher and hits the 1:4RR target at 1.4466 where I closed the buy trade for a +132 pip move higher and a +4% winning trade. (Risking 1% on every trade)
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup.
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