jrashaadtrades

USDCAD Outlook. Looking for High Probability LONG Re-Entry

FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Having pocketed +350 pips across several USDCAD lots, I'm waiting for a high-probability set-up to get back in long. For me, that would be a decisive break above current trendline , which was put in place last week as Dollar Bulls pulled profits out of the market. Currently, support is at the 1.28 mark as price action failed to break through the area of supply indicated in the red rectangle .

Signals indicating a BUY, but I do not want to jump back in prematurely as the market could easily look for areas of better price demand, especially within the dark gold retracement area I've marked on the chart.
Mar 15
Trade active: Getting closer to my take profit, at least for one of my lots. I'm thinking that the Bullish trend could continue for at least another month or so, obviously with a significant corrective move.
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