The proposed trade is a long position on the USDCAD currency pair, aiming to profit from an anticipated appreciation of the US dollar against the Canadian dollar.
Key Parameters:
Entry Price: 1.33834
Stop Loss (SL): 1.33517
Take Profit (TP): 1.37047
Risk-Reward Ratio:
The risk-reward ratio for this trade is approximately 1:1.4. This means that for every dollar risked, the potential profit is 1.4 dollars. Overall 10.14 RR on the trade
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