USDCAD tested and re-tested a support from March before all the pandemic kicked in hard mode.
It's trading inside a falling wedge, it looks like it's going to re-test the resistance inside the pattern at #139.986 for the last time.
But also there's big possibility that it doesn't even test this area as right now it's trying to break the resistance on trend level at #139.500
If that's the case I hop off the trade because it's going to melt down after that.
But if follow the pattern beautifully that will be a few pips swinging my way.
It's trading inside a falling wedge, it looks like it's going to re-test the resistance inside the pattern at #139.986 for the last time.
But also there's big possibility that it doesn't even test this area as right now it's trying to break the resistance on trend level at #139.500
If that's the case I hop off the trade because it's going to melt down after that.
But if follow the pattern beautifully that will be a few pips swinging my way.
Trade active:
Partials taken on 1.39464, price is finding some resistance around that area, a litte bit below the trend level resistance. SL to entry and running risk free
Trade closed manually:
Taking the profits here, it's friday, slow market and I don't wanna hold this one. Good trade showing how patience is really important in this game, and that's the reason I'm kinda using it here as a journal. I want to look back in the future and see how far I've come.