FX:USDCAD   U.S. Dollar/Canadian Dollar
3 months ago
We reentered USDCAD             longs today. I expect a strong rally to emerge from here, today's strong close after a shakeout (post Yellen's mumbo jumbo) gave way to a solid advance that broke the Brexit key level resistance. If we observe that next week's trading stays above the blue rectangle (the weekly uptrend mode), we will get confirmation of a rally towards 1.372, to be hit by December 10th, or earlier.
You can enter long next week at the open, using the stop on chart is a good idea to give it some margin of error.

Good luck if taking this trade (or if long USDCAD!).

Cheers,

Ivan Labrie
3 months ago
Comment: Move stop to 1.2997
3 months ago
Trade closed manually: I'll buy on dips, out for now, with good r/r.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
RJHumphries PRO
3 months ago
Following this trade. Just closed at 1.31 to lock in some much needed equity. To open again or not. This is the question!
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IvanLabrie PRO RJHumphries
3 months ago
Oh, you can open again with a stop at the reccomended spot, risk 0.5%.
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RJHumphries PRO
3 months ago
Let's see how it rolls. Certainly looks bullish
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RJHumphries PRO
3 months ago
Stopped out. The manufacturing data hit. Entered again at 1.3018. Still looking bullish to me.
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IvanLabrie PRO RJHumphries
3 months ago
It could very well rebound. I forgot to update here but I closed the trade before NFP.
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