chris333

Go long USDCAD on a close above key resistance - hourly chart

Long
chris333 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
If the level is reached, the trade should have good support from Pivot levels as well as daily Opening Range. All MAs should be pointing up at this time if the level is breached and stays above entry level.
Trade active:
3/22 0100 hour bar closed above the resistance, so we are long at open price of next bar at 1.33773. Not shown is today's current Pivot levels, or opening range levels (have not yet figured out how to extend my indicators into the subsequent trading sessions; please comment if you know how to or if is possible).
Likely should have raised stop level to breakeven, but since I missed this, will have to suffer through with current stop loss.
Comment:
1.3340 is the Pivot high, which is serving as current support. Stop loss just below at 1.33352
Trade closed: stop reached

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