glennmercer
Long

USDCAD 1H Short: Reversion to Mean

FX:USDCAD   U.S. Dollar/Canadian Dollar
4 months ago
USDCAD             has been producing bullish moves, creating a possible uptrend on the Daily and 4H TF's. I want to take advantage of a the reversion to mean trade before buying this pair. A conservative TP can be placed at the completion of AB=CD for the correction. An unhit weekly pivot sits below price and is confluent with the 200 daily EMA for a possible T2. SL is placed tightly above recent highs as breaking this level will put me in the bullish camp.
4 months ago
Trade active
4 months ago
Comment: Trade Closed manually: Now bullish on this pair. Bullish engulfing forming on the 1H. Focus now placed on CADJPY short
Follow me on twitter: @gmercerfx
Shoot me an email: gmercerfx@gmail.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out