It seems like market-makers were not done fishing both BUYERS and SELLERS off the market. Price is now back to where the first STOP LOSS HUNTING took place. The following week will be very interesting. We are still SELLING USDCAD. Partial profits were taken at the 1.36400 zone - a zone which I expect to be broken for the second time next week.
My TPs are still:
1. 1.29800 and 2. 1.27400
REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS!!
This is a great set up. I will look to short this pair for long term. Looks great, all the best mate.
TraxionInvestments
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@GeminiWealthGroup This is indeed a long-term play. It will take a couple of weeks if not months for price to finally reach my two TPs. We remain patient. Thank you for the comment.