garhi86
Long

USDCAD LONG POTENTIAL

FX:USDCAD   U.S. Dollar/Canadian Dollar
I was monitoring this last week looking for a potential reversal to go long to 1.3700, but would be monitoring closely around the 1.3590's as there is strong support there but i am inspecting a new higher high there if even by only a few pips.

strong previous resistance around the 78.6% fib level which was a former resistance.
on the 8H charts this level has been tested but pulled back on 3 occasions, will be looking for a breakout from this area before entry but can still get a nice 1:2.5 risk reward from here.

Will all depend on market open and price action.
Should see some big moves around middle to the end of the week.

happy trading, peace !

snapshot
Trade active:
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Comment:
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Order cancelled: awaiting breakout from an accumulation area i am watching
Comment: very hesitant to enter a trade until price breaks out, i still think we may see a move towards 1.3400 where i would look for shorts.

can see there being some serious stop hunting both ways though before we see the genuine trends so protect your accounts
Comment:
snapshot
@Niverto, nice, did u take it? great returns
Reply
Niverto garhi86
@garhi86, I took it yes.
Thanks for your comment
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I am so sorry but there is not a a option long for uc . Its on entries short 2000 pips down
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@stream, we should see this week, no need to apologise, its only your opinion.
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@stream, i do believe we will be short but i think we will test 1.3700 before we do so
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stream garhi86
@garhi86, i afraid , this is not possible , Good luck in trading !!
Reply
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