UnknownUnicorn772665

Mar 1, 2019 10:18 AM

USDCAD Long Long

OANDA:USDCAD240

USD/CADOANDA

Description

⋅ Mar 1, 2019 10:18 AM

Weekly trend continues. 4hr wedge break out imminent.

Trade active

⋅ Mar 1, 2019 6:11 PM

Comment

⋅ Mar 4, 2019 5:12 PM

Moving my TP from 1.34 up to the weekly highs at 1.3670 and will manage this trade manually on the daily/4hr TF.

Comment

⋅ Mar 6, 2019 3:11 PM

Now running at over 9% profit. Still holding and will be buying in on the next 4hr pullback (higher low) if there is one.

Comment

⋅ Mar 6, 2019 11:12 PM

Another very bullish daily closure. Looking at the weekly fib levels, we could see levels past the 2018 highs of 1.3650

Trade active

⋅ Mar 12, 2019 9:51 AM

Still holding longs on USDCAD. Positive swap fees paying each day which is nice.

I am hoping for 1.34 to stay strong and price then continue onwards to 1.3650

Comments

Captain_Walker

⋅ Mar 6, 2019 6:12 PM

This is probably one of the best well spotted set ups on Tradingview!! It is also a sound lesson for people who get scared of high RSIs. The markets don't care about RSI. There are many artifacts created retrospectively by the RSI - and that is due mainly to selection bias. I think Tradingview should do a 'hall of fame' for setups like these trades, so that other traders can learn from them.

UnknownUnicorn772665

⋅ Mar 6, 2019 7:26 PM

@Captain_Walker, thank you for the kind words mate. I am still holding my long positions on this trade as I think it has more to go in the long run :) simple analysis and good R:R is what I look for

Captain_Walker

⋅ Mar 6, 2019 7:34 PM

@Charlie50Bowden, It's great. A bit of caution though. See the complex trends that occur with USDCAD in chart below. There are trends within trends. If it follows the previous pattern a reversal could be nearby near the middle of the most recent pattern.

UnknownUnicorn772665

⋅ Mar 2, 2019 1:47 PM

Thanks for the likes on this one guys... much appreciated :)

Captain_Walker

⋅ Mar 1, 2019 9:11 PM

Sweeeeet!! LOL

UnknownUnicorn772665

⋅ Mar 1, 2019 9:24 PM

@Captain_Walker, easy money mate! 😝

ApexFX_Pro

⋅ Mar 1, 2019 6:49 PM

Nice trade mate 🤪 yes bet it is keeping you happy haha

UnknownUnicorn772665

⋅ Mar 1, 2019 9:24 PM

@Apex_Managed_Capital, easy profit

Captain_Walker

⋅ Mar 1, 2019 9:26 PM

@Apex_Managed_Capital, I missed it.. but in hindsight it was a high probability for the north.

UnknownUnicorn772665

⋅ Mar 1, 2019 9:53 PM

@Captain_Walker, yep that’s it matey, was a good set up. Nice and simple... 1 trendline and 2x Fib retracement levels overlapping 👌🏼