CADUSD: Close above low volume resistance opens up huge upside

FX_IDC:CADUSD   Canadian Dollar / U.S. Dollar
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.
Apr 14
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)
Apr 18
Comment: After a fight, longs are back on track.
Apr 19
Comment: Boom, target #1 hit. I'm long from today's NY open.
Apr 28
Comment: ;)
Apr 28
Trade closed manually: Safer to stand aside for now.
Apr 29
Comment: It appears to be that CAD and oil are turning around 180° today.
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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 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.
Ivan you think 90cents or even parity is possible in a year from now for the CAN?
IvanLabrie BitcoinGuru
Hi, I'm not sure. As of now, we might see a retracement soon, but we can expect 81-85 cents eventually.
seems a bit late to the party there. so you think oil will also keep climbing from here on?!