FX:USDCAD   U.S. Dollar / Canadian Dollar
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!).


Ivan Labrie
Comment: Move stop to 1.2997
Trade closed manually: I'll buy on dips, out for now, with good r/r.
Stopped out. The manufacturing data hit. Entered again at 1.3018. Still looking bullish to me.
IvanLabrie RJHumphries
It could very well rebound. I forgot to update here but I closed the trade before NFP.
Let's see how it rolls. Certainly looks bullish
Following this trade. Just closed at 1.31 to lock in some much needed equity. To open again or not. This is the question!
IvanLabrie RJHumphries
Oh, you can open again with a stop at the reccomended spot, risk 0.5%.
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