OANDA:USDCAD   U.S. Dollar / Canadian Dollar
129 views
1
129 0
I am already long from last week on this trade but a new buy opportunity is arising with smaller risk... Looks like we are seeing a pullback towards buying source on daily chart . Usually i would prefer a bigger pullback but we have broken through weekly resistance with a strong close on weekly chart and with that in mind I see sellers being capped around this area. and buyers defending this area aggressively. Additionally a break of the daily lows from last week will see more liquidity into the market making it a nice fake out before the move up. I would be happy to set limit orders at and around the 1.337 area, targets 1.37 and stops at 1.325.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out