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CurrencyWaves

USDCAD Approaching tough resistance.

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
CurrencyWaves Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
usdusd
5
0
usdusd
USDCAD is approaching tough resistance in the 1.3200 area following the two equal legs up. Also just ahead it the 200 day moving average. Longer term I am looking for 1.3550 but should see a retrace before higher.
Trade active:
USDCAD looks to be reversing to the down side nicely.
Trade active:
Looks like the USDCAD is going to retest the highs and possibly the 200 Day MA. I took profit on half my position at 1.31479 for 44. pips. Looks like I will be stopped out on the other half for a break even trade.
Trade closed: stop reached:
Stopped on last half for -44

Related Ideas

CurrencyWaves
The move up from the .9536 low looks impulsive.
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