I'm still in this trade, up nearly 400 pips. I have posted an updated weekly chart. The weekly gap from June 2016 is acting as resistance to further upside. The spinning top from the previous week reached a high of 1.78517 before it receded back within the confines of the June 2016 weekly gap. If this trade starts moving south, I'll be looking to add to my position near the blue line on a daily reversal signal. As for now, I'm just letting this play out and let this market go where it wants to go...(hopefully higher). There is a very strong correlation between CAD and Crude Oil. Should crude weakness persist, there should be plenty more upside to this trade.
Good day to you! I'm going to go out and enjoy some Pennsylvania Spring weather!
Regards,
KennTrade
(You CAN trade!)
