Oversold condition in upward trend. The risk to reward is in our favor here. For more exact entry's please follow my twitter
Comments
workingtraders
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Took off Last 1/3 at 1.04894
workingtraders
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The selling of USDCAD pair has slowed down. As you can see we are still in a rising trend line. We are also still in an oversold condition. If you take a look at the comments you can see that we have sold 2/3 of the postion as we rose towards target 1 on the chart. If we see some bullish price action occur around this area, we are looking to add to the position as the price touches the trend line.
workingtraders
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taking 1/3 off more @ 1.3476
workingtraders
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getting close to that target 1 I would take some profits off.
workingtraders
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took 1/3 of the profit @ 1.03327 this morning. Trade is still active. Only took some profits to derisk a little.
workingtraders
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as per twitter my long position was started at 1.0270 area