tommyjose92
Long

USDCAD D1 BULLISH 0.618..

FX:USDCAD   U.S. Dollar/Canadian Dollar
267 0 2
Pattern previously observed on the USDCAD             with the price showing some important support around the 1.2125 area wit the daily bar of thursday showing some rejection to go lower, after this on friday the CAD showed some strength to the bullish side, also with the possibility of the weekly chart changing to bullish if the price passes the 1.2360 level which is not very far. This gave me the signals to open a trade with 3 Buy Stop orders of 1.35 each and with the SL1 at 1.2125 and the TP1 at 1.2355 the TP2 at 1.2433 and the TP3 at 1.2512. The Buy Stop orders were executed after the release of the existing home sales.
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