UnknownUnicorn772665

USDCAD Long *TRENDLINE BROKEN & FIBONACCI*

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Here is my simple USDCAD long entry based off the current 1hr chart.

The bearish counter trendline was broken on Friday with a higher high being made. Price has now pulled back to retest the trendline and the fib 0.786 level.

I am looking to add to my current long position on USDCAD that I entered at the beginning of the month.

Profit target 1 is at the previous highs of this month at around 1.34680

Profit target 2 is long term at 1.3650
Trade active
Comment: Lovely bullish engulfing 1hr candle close now. Hopefully the momentum stays
Trade closed manually: stopped at breakeven on this attempt