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Dec 3, 2018 5:28 PM

USDCAD - Price Action Buy Long

U.S. Dollar/Canadian DollarFXCM

Description

Based on my simple approach to price action, which doesn't include much drawing at all, I opened a LONG position on USDCAD. Target the last high.

As long as the previous HL (high low) stands the up-trend is intact. Despite a possible double top being formed I am sticking to my strategy. The chance risk ration is well balanced, so no reason not to give it a punt.

Comment

Stop adjusted to break-even

Trade closed manually

Gap is closed. Need funds to open another position. I am taking the profit!
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