Alex.Singletary
Long

Did we find our bottom?

FX:EURCAD   Euro / Canadian Dollar
47 2 7
A lot of this is going to hinge on political issues with EUR and the outcome of the OPEC meeting next week. Bullish divergence spotted in an RgMov uptrend + we have a nice range expansion bar showing strength. Good to go long at open next week with 2-3 ATR stop loss.
Comment: Added to this trade at the new daily low. COMEX Options expire today, likely the cause of the retrace. Monitor closely
Comment: Glad we added at the new low. We closed out everything at the high for now and will monitor POST OPEC
Comment: Looks like we got a good exit here. all of our profit would have been lost had we not closed
Nice gap up here and the buying pressure is strong. Lets see how it develops :D
Reply
I'm long with 3 ATR sl, adding and tightening stop if it goes.
+1 Reply
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