ForexDreams
Long

USDCAD LONG WITH CHANNEL HIGH BREAK

FX:USDCAD   U.S. Dollar/Canadian Dollar
100-120 Pip move up including the current channel high break.

First trade with 50 pip TP to current orange channel high.
Second trade with 90 pip TP to new green channel high.

I expect move to current channel high to take place overnight (UTC), some action to occur in the morning and then the break of current high at 13:30 (UTC) on some Canadian news releases. Alternatively the news could be used as a stop hunt.

Good luck :)

UPDATE: Stopped out for -25 pips.

Right, I understand what happened now. Such a shame I didn't spot it earlier. Anyway what we'll see next week is a reversal pattern of some kind, followed by a new Long channel.


United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out