FX:USDCAD   U.S. Dollar/Canadian Dollar
10184 106 189
USDCAD             Simple Trade
Break out and pull back
Short at 1.2942
Comment: Getting Closer
Trade active: ORDER FILLED
Comment:
snapshot

Risk Reward: 1 :4
Comment:
snapshot
Comment: Price retested the wedge
and the horizontal resistance level 1.2977

I am not stopped out because the price did not close
above 1.2977, and i have at least 10 pips breathing room
for all my trade.(IF it is a daily chart, minimum 30 pips
breahting room).
The reason behind the trade is, USDCAD is making
lower highs and lower lows.
So we must exit if 1.2977 is violated.
As long as 1.2977 is not broken, we can still short.
now is 1.2902, +40 pips
Comment:
snapshot

+50 pips
Comment: HIT 1.2830, Close 50% Position
+110 PIPS
Trade closed: target reached: TRADE CLOSED : TARGET 1.2780 HIT
+160pips
Comment:
snapshot

This is very good example of broken wedge and retest trade
Comment: We TP at very good place. now the price has rally up again
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good
Reply
yes, tp at 1.2942
Reply
i sold at 1.27275, will i be able to get egal to hit ?
Reply
tntsunrise TOP jolicoeur342
u sold at 1.27275? but now is 1.28..
Reply
yea i sold long time ago 2 weeks ago !
Reply
jolicoeur342 PRO jolicoeur342
And what do you think about
USDCAD - HEAD N SHOULDER
Reply
thanks sir.. nice trade ;)
Reply
welcome!
Reply
Nice Ride so far ! Thnak You, Would you move your stop to 1.2916 ? I did .. thks again
Reply
Take some profit now. 1.2830 have support
Reply
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