USDCAD: Short-term Trend Resumption Trade

FX:USDCAD   U.S. Dollar / Canadian Dollar
2896 30 21
*Update: Stopped out
I just initiated a long position on the USDCAD             at 1.1330, following the double bottom neckline breakout, supported by the bullish divergence on RSI . Also the dominant trend is bullish .

Best of luck. Join me at
Also at my Facebook             page
My best regards,

Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Pity to be stopped. Long bias prevails from now on
Cant be long USDCAD and long Oil I would say?
I know you are a heavy contributor, which I love. But, what was you idea here? Going by your chart, that looks rather bearish, and anything bullish wouldn't have been started until a close above the descending resistance IMHO.
long +short

Looks like a good short target now.
Update: Stopped out.
Oil goes up
Good trade, but my analysis suggests you're early. Price should pull back to touch the 50% line of the channel before breaking out north. I suspect this will be done under the cover of tomorrow's Canadian news releases at 13:30 UTC. Good find though. Your stop should be enough. Good luck everyone. :)
ForexDreams ForexDreams
like my analise :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out