USDCAD 15M Long | Engulfing Pattern

FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Candle Pattern: engulfing
Trend: up
Trend Entry: with

TP/SL Ratio Target: 1 to 1
Target TP PIPs: 16

Fib Entry: 1
Fib TP: 2
Stochastic: overbought
Inside EMA/SMA zone: no
BB: top band


breaish engulfing to break the recent high, looking for a push to a new high
using stochastic overbought indication as indicator price will push even higher before rolling overbought

Comment: profit target reached in 12 hours
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