USD/CAD Trend Continuation with USD strengthening a support from last weeks Lows/Highs
Comment:
Very Minor drawdown upon entry, trade played out 100% to plan following TP 1-3.
Upon arriving to final TP at Resistance #4, price wicks and closes lower towards Resistance #3. The Wicks at this level tells us that price is exhausted but still manages to retest resistance at R4 providing us with a selling opportunity.
Following same parameters risking 5pips targeting 20pips.
Entry confirmation would be on closure above 14
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Upon arriving to final TP at Resistance #4, price wicks and closes lower towards Resistance #3. The Wicks at this level tells us that price is exhausted but still manages to retest resistance at R4 providing us with a selling opportunity.
Following same parameters risking 5pips targeting 20pips.
Entry confirmation would be on closure above 14