MikePips
Short

USDCAD Long Oppurtunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
138 2 2
I will be looking to go long the USDCAD             on Monday. My entries and exits for this trade are based on fibonnaci and price action             . At market close the market was at a level I would like to get in at but I am prepared for more downside. My perfect entry for this trade would be at 1.30891.
Comment: Please add a comment.. Positive feedback and constructive criticism are important to authors ant the community.
Trade active: My actual levels.
Entry 1.31435
S/L 1.30495
TP 1.32134
Comment: I consider this to be a risky trade because in order to hit my tp the market will have to break out of a triangle.
Comment: Lots of consolidation.
Trade closed: target reached: Target 1 hit for 87 pips. Second position still open. I moved stops to break even but I will move it up if market passes first 1.
1.3180
Trade closed manually: I closed the other half of the position in order to avoid spikes during the upcoming news.
I Think like that
USDCAD
+1 Reply
MikePips ruselforex
Thanks for sharing that with me. I didn't notice that it was in a triangle, good catch. If it goes lower than 1.30547 I will no longer look to go long on it. I am interested to see where we are when market opens. Thanks again for sharing. Share any updates you have on this as well please.
+1 Reply
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