Technician
Long

(J) Trade 27: Going with the flow #USDCAD #FOREX

FX:USDCAD   U.S. Dollar / Canadian Dollar
3981 13 85
Trade 26: Long USDCAD             @ 1.3185
Trade Status: Active
S.L 1.3115
T1: 13282
T2: 1.3367

Balance = $29,264 Position size = 1.2 lot ~ 2.5% risk of capital
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Reasoning
  • Obviously the trend is up
  • Resistance Breakout and retest
  • Oil under pressure

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Wish me luck and best of luck for everyone.

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My best regards
Technician
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why oil under pressure USDCAD will goes up?
Reply
Update 2: Stopped out at break-even for the second half
Profit= $576 + 0
New Balance= $29,840
+2 Reply
Great work mate, keep it up :)
Reply









Nice one Technician... Correct me if im wrong, but does your first target, at the 1.272 fib give us the D leg of a Butterfly pattern?
Reply
hounds hounds
sorry i meant D completion of the butterfly
Reply
Hey buddy, thanks for your question. Yes it could be.
Reply
Update 1: First target hit, stop loss at breakeven.
Reply
Hi, Technician! Of all trading listed on trading view, I wait for your trades with the most excitement. Recently, you've posted many less trades. Could you share with us more of your 'newly active' trades please.

'Newly Active;' Trades implying not trades that are pending, nor trades that have gone long into the trade. Thank you for your work!
i hope to see you more ;)
Reply
I try as much as i can, but when i take a trade its not always that i have the opportunity to directly post it here, so sometimes there is some lag . Therefore, i use a lot of pending trades so everyone can have a chance to see it before its triggered.
Reply
Update 1: Moved stop loss to break-even
+1 Reply
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