FX:USDCAD   U.S. Dollar/Canadian Dollar
81 2 3
entered at market open, long USDCAD             . My previous short on a failed break of the medium trend line closed a few weeks ago for -200 pips. This long is taken with the view that the medium term uptrend is back in play, higher high and higher low suggest this to be the case. Fundamentals look quite good, general risk aversion caused by Greece and the chinese stock markets coupled with oil             prices falling again. As always this is a medium term play with long stops and large targets if successful the trade is likely to last 1-3 months.
Current trades in play GBPNZD             long @ +2400 pips, AUDNZD             long at +1350 pips, NZDJPY             short at + 400 pips links attached

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SteveTobin
GBPNZD
SteveTobin PRO about GBPNZD 2 years ago
Toma PRO
2 years ago
I'm long since the 18.06 Pin Bar, but I'm not sure it'll go very high.
The monthly TF shows a resistance area with a Cup & handle in formation :
snapshot
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SteveTobin PRO Toma
2 years ago
Nice trade entry, I don't really do price action but that pin bar signaled a good move. The resistance you speak of is a definite concern, a break above 1:28 would be needed to clear it.
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