Manu76

looking to long usdcad

FX:USDCAD   U.S. Dollar/Canadian Dollar
52 0 4
1) Waiting for confirmation of the break. (must break the cloud, the trend line and find support above it)
2) If the trend line breaks, then waiting for the retracement into the 0,236.
Note: the market may go below the 0,236 to find support on the trend line (previous resistance). My two targets are on the chart.

Rejection of the trend line invalidates this trade.
Note: a rejection of the trend line can mean:
1) a deep move down
or
2) a consolidation before testing the trend line again.
Order cancelled: 1) trend line broken
2) cloud broken
3) price did not hold above the trend line

Price tries to hold above the kumo but I decide to cancel and wait for a better entry. Now market will consolidate or break down to new lows
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