mxxtrader

USDCAD 240, broke of acceleration TL long to major descending TL

Long
mxxtrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Another simple trade price has broke the acceleration TL also called minor descending TL we go long to the major descending TL that is a magnet for price! As conflunce we have a brake of resistence zone so the i ve put there the entry price cause the price should retrace and retest that zone when we see that retrace we ll take that for our entry long.
Comment:
Possible double top forming and dollar still too weak so maybe good idea take profit here and lookming at price action for another possible next entry
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