CADUSD: Close above low volume resistance opens up huge upside

I have been trading the long side in this pair for a while now, entering and reentering on every chance I had.
I'm in this trade, and looking to add if we get a minor retracement retesting the low volume resistance zone .

If not in, you can go long now, or on retracement to the light blue zone on chart. The same applies to USDCAD             , naturally, just inverse. If you platform doesn't have this pair trade the USDCAD             short side.
If you know how to trade trends, this might be a terrific one to ride, really nice potential here.

Good luck if taking this trade.

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Ivan Labrie.
Order cancelled: Moving back under resistance isnt good. Let's stand aside for now and focus on long AUD and USD, vs CHF, EUR and GBP. (maybe some yen longs vs eur, chf and gbp as well)
Comment: After a fight, longs are back on track.
Comment: Boom, target #1 hit. I'm long from today's NY open.
Comment: ;)
Trade closed manually: Safer to stand aside for now.
Comment: It appears to be that CAD and oil are turning around 180° today.
seems a bit late to the party there. so you think oil will also keep climbing from here on?!
IvanLabrie PRO Ozayevable
Yes, the trend is bullish, no sign of weakness whatsoever.
IvanLabrie PRO IvanLabrie
You can enter and exit profitable trades all the way up. No such thing as 'late to the party' for me. I know most people fear it, and normal people don't do it, but being able to rejoin a trend, or reentering trades if they keep going past your exit is a valuable skill.
Ozayevable IvanLabrie
IvanLabrie PRO Ozayevable
Think of the whole downtrend in this pair, I have traded a lot of moves out of consolidations and pullbacks before. It's a waste of 'free money' the market tosses our way if you don't. :)
Ivan you think 90cents or even parity is possible in a year from now for the CAN?
IvanLabrie PRO BitcoinGuru
Hi, I'm not sure. As of now, we might see a retracement soon, but we can expect 81-85 cents eventually.
Very interesting though a bit too late myself for the party :)
What's the indicator you are using that is repainting in coloured rectangles? Also did you put yourself the green arrow or is the strategy/indicator you are using that is doing that? :)
Thanks mate
IvanLabrie PRO Arabafenice
Hi, the green arrow signals the start of the recent uptrend leg, manually drawn.
The green boxes are quarters and weeks, drawn by the MTPC indicator, Tim West came up with the idea.