MtxTrader

usdcad long Position Active at Support TL Rejection

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Just as I explained in my previous post, USDCAD is going up. (I linked it to this one )

Price bouncing up off support after rejection - this rejection is clearly seen by the long lower wick of the candle below the trendline.

This chart is the same as previously, but it shows how I am trading this.

Price should comfortably retest the resistance at 1.3210, but my target is slightly below that - just in case.

Patience is Key.

Comments

Ah...should have extended target since it was a triangle breakout and reversal, oh well.
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Target Hit! Ayeee 2/2 so far this week.
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Patience is Key.
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