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MtxTrader
Feb 26, 2017 11:28 PM

usdcad long Position Active at Support TL Rejection Long

U.S. Dollar/Canadian DollarFXCM

Description

Just as I explained in my previous post, USDCAD is going up. (I linked it to this one)

Price bouncing up off support after rejection - this rejection is clearly seen by the long lower wick of the candle below the trendline.

This chart is the same as previously, but it shows how I am trading this.

Price should comfortably retest the resistance at 1.3210, but my target is slightly below that - just in case.

Patience is Key.
Comments
MtxTrader
Ah...should have extended target since it was a triangle breakout and reversal, oh well.
MtxTrader
Target Hit! Ayeee 2/2 so far this week.
MtxTrader
Patience is Key.
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