So, this USDCAD long is taking a lot longer to payoff than I initially expected, but based on what I'm seeing on the daily and 4h charts, it's a keeper. Definitely worth waiting around and seeing. The channel it is in on the daily concerns me in that there is still a way to go to get to the bottom of the channel, which should be the next stop after bouncing off the top. However, it looks like it is going to stabilize on the daily and run for a bit on the 4h so, again, worth hanging around to see. Plus, if it fails to get to the bottom, then that increases the odds we go through the channel (as opposed to bouncing off the top again), so at this point there's really no telling where it will stop if we can get a little run going on the 4h chart
Comment:
Out at 1.2646. 30+ hard-won pips. Definitely gonna look to get back in, 100% for sure