I have been watching USDCAD all this week looking for a good entry. Recently we have a nice support candle and
IF the current bar closes above the support candle I will enter to get long.
With what I see on the daily time frame I am predicting a move to 146.00 and with that...
This trade will be broken into 2 targets 1 being about 90 pips a way and Target 2 being about 900 pips away.
IF T1 gets hit I will trail stops up with price.
Lets see how this plays out
IF the current bar closes above the support candle I will enter to get long.
With what I see on the daily time frame I am predicting a move to 146.00 and with that...
This trade will be broken into 2 targets 1 being about 90 pips a way and Target 2 being about 900 pips away.
IF T1 gets hit I will trail stops up with price.
Lets see how this plays out
Comment:
I survived the NFP spike. (Forgot about FOMC) currently sitting @ +13. Lets see If we can break the resistance that has formed and get that T1 and roll stop.
Comment:
So close to hittig the first target level. The question today is will NFP push it to target or to stop loss?