Based on our Super Forex Launcher System, we have a potential reversal on hand in USDCAD. Take a look at the chart below and you will see a pretty steep drop in the past 5 sessions in USDCAD. Will the drop continue? Maybe… but we think it’s time for a rebound.
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So here’s our order for their Trend Reversal idea.
- Buy Stop Order: 1.31481
- Stop Loss: 1.31190
- Take Profit: 1.31969
Remember, no system is perfect. There will be wins and losses. So be sure to use stop loss and also to use proper lot sizing for this trade. There is no sure winner no matter how good a setup looks.
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