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-TOP author on TradingView
-15+ years experience in markets
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-Key S/R levels
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USDCAD H16: XABCD Best Level to BUY/HOLD +200/+350 pips(SL/TP/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
WARNING: higher risk setup. use low
leverage. use tight stop loss. do your own due dill.


🔸 Summary and potential trade setup
::: USDCAD 16our/candle chart review
::: speculative XABCD in progress
::: trading point C is ALWAYS HIGH RISK
::: focus on buying mild dips / market buying
::: stop out level - red dashed line
::: point D of pattern is 3000 +340 pips
::: overall great upside if we get followthrough
::: higher risk setup: buy at market / market buy
::: TP1 +200 pips TP2 +350 pips
::: lower risk setup: BUY after pullback
::: swing trade setup DO NOT expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/point D/PRZ
::: Sentiment outlook mid-term: BULLS/REVERSAL

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Chart PatternsHarmonic PatternsTrend AnalysisUSDCAD

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