TradingView
jackmyattFX
Jan 29, 2016 11:46 AM

USDCAD SHORT TERM LONG Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD LONG
-BREAK OF TRENDLINE AND CLOSE ON 1H
-MA CROSSED TO UPSIDE 1H 2H
-HIT A MAJOR MONTHLY SUPPORT 1.4000
-THS LEVEL HELD AS SUPPORT
-TARGET WEEKLY RES 1.4280

Trade closed: stop reached

Might of jumped the gun too quick here....false breakout

Trade active

Dropped below my drop but I think we have found some support on this monthly key level 1.4 looks long now :)
Comments
Amann
Check the D1 chart. Long for sure.
avivsevenx
maybe you wanna invert fib extention from last leg to make sure where exactly target point, if upside move and if this is not false breakout....
More