Forex Price Action Strategies

Hello Price Action Traders.

Usd/Cad

The Usd/Cad forex pair today offers interesting trading opportunities. The price went to the support zone where before had formed a resistance area, around 1.0400. This day was a day of rejection of this low prices and the victory was for the bulls. In this case could be applied one of my price action naked strategies to get an optimal risk: reward ratio. The first resistance is located at 1.0500.

 

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