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MissEmma
Mar 27, 2019 2:02 PM

USDCAD Long Idea Long

U.S. Dollar/Canadian DollarFXCM

Description

Confluences as annotated. I usually only target up to the -27% fib extension, but on the daily time frame we are within the third swing of the uptrend. The -27% fib extension target for the current daily swing is beyond the pink level of resistance, so extended my target in line with the daily trend.

Order cancelled

Trailed stop to break even after H1 bearish engulfing candle. Stop hit.

Trade active

Re-entered at 1.34106

Order cancelled

Manual exit before CAD news at break even.
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