Signal in a currency pair with a great pip potential

Pareto in trading

As you already know, one of our main jobs as traders is to scan the markets and try to find the instruments that have two things:

Clear S&R levels, this way we know what the market is doing and most important, what it is likely to do, and
Good profit potential, well, this one is self explanatory.

If you keep trading those instruments, you’ll get results.

Of course, sometimes the market will move against you, but it doesn’t matter, because above all, you’ll be focusing in your trading as a whole, a group of trades, not individual trades.

So you only need to make sure to win more when the market goes on your favor… and that’s it!

Forget about the accuracy of the system.

Most profesional traders will tell you that 80% of their profits, come from 20% of their trades.

That’s true!

Do you agree with me?

Here is the signal.

USDCAD Signal

I already talked about the USDCAD a few weeks ago, it is trading in a very clear bullish condition and what I like about this one is that, the next LT resistance level is at 1.3958, it is currently trading at 1.3123, so we’ve got plenty of profit potential in this chart.

Now, lets take a look at the short term chart and look for our entry:

USDCAD 30M

Order details:

Entry stop order: 1.3190
SL: 1.3155
TP: Open

The next LT resistance level is at 1.3954.

Your Turn

What currency pairs are you currently trading/monitoring?

What do you think about the USDCAD? Are you going to take this signal?

Share your thoughts.

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Eric Aroh

    Hi Raul,
    I did not close my trade despite the anticipated news. Fortunately (for me) my trade has not been triggered, hence it is still pending. My entry was more than 80 pips away from the probable effect (50 pips) that the news was supposed to trigger. I am still waiting to be triggered. Thanks once again.

    • Raul Lopez

      Hello Eric,

      I’m gla dit didnt… good luck!

  • dominiek

    hi Raul… like i told you last time… your SL normally gets triggered because it’s too close to your entry (like your USDCAD trade here that just got sl triggered). Most likely now it will continue the uptrend.

    • Raul Lopez

      Hey Doiniek,

      We closed this trade before the news announcement Dominiek… around break even…

      In this case, the market traded lie that because of the fundamental release, but I’ll keep looking for long trades here, because its got a great profit potential…

      Are you taking this trade?

  • AHMAD FAHMIN HARIS

    Its a bearish momentum for daily, weekly and monthly candlesticks, price maybe moving towards next resistance 1.34. Its just my humble view from beginners

    • Raul Lopez

      Thanks Ahmad!

      Bearish momentum? Why do you thinks its bearish???

      I think is exactly the opposite..

      Please let me know!

      • AHMAD FAHMIN HARIS

        My bad raul, its bullish…. Moving up to next resistance….my eyes was on nzdusd chart when i did my typo… Sorry

        • Raul Lopez

          Ahh ok ok! No worries!

          Glad we are on the same page then!

          Good luck!

  • Eric Aroh

    Hi Raul,
    Another (potential) excellent trade. I keyed in at 1.3225 this morning (GMT). SL of 35 pips, and TP of 750 pips (my dream). Thanks, and goodluck to us all.

    • Raul Lopez

      I closed this trade before the news announcement Eric, but I’ll keep looking for trades here.

      Its got a great profit potential!

  • Greg Ellis

    Hey Raul! How are you going? Its been quite a while since we spoke and I did your fantastic course. Ironic fact is that although it made me more prepared for handling the market when I completed it I just happened to get a great job offer in my old line of work which has kept me well away from the market. 12 months down the track and with my feet firmly under the desk and a little less frantic I’m thinking of going back in. It’s great I’ve got your advice to rely on. Cheers and talk again soon. Cheers, your friend in Canberra, Greg.
    (Note Raul I have a different email address now linked through Disq – although the other one is still operable we’ve had all sorts of trouble with the service provider. PS the picture is of me and my wife of 32 years Christine on a holiday in South west England last year.)

    • Raul Lopez

      Hey Greg!!! Nice to hear from you! Please, send me an email once you are ready to get back to trading alright?

      That’s a nice Picture Greg… did you have a good time there?

      I’m really happy to hear back from you Greg, please keep in touch!

      Cheers,

      • Greg Ellis

        Thanks Raul – we had a great time. My wife is extremely well organised (unlike me). Because of that we were able to do every corner of Britain in just 17 days, over 3000 miles on the dial. I’ll keep in touch. Cheers!

        • Raul Lopez

          Wow Sounds like a great trip!

          See you around Greg!

  • Tradman

    Hi Raul. I’ve been watching this pair too and tonight its hit the entry at 1.3190 so I’m in.
    Lets see where it goes…

    • Raul Lopez

      Hey Tradman,

      We closed this trade before the news announcement… remember the CAD is one of the currency pairs that react the most to its fundamentals…

      We are still looking for long opportunities, and will let you know once we take a trade again!