FX:USDCAD   U.S. Dollar / Canadian Dollar
289 6 14
Details on chart.
Comment: USDCAD making bullish setup in bearish pattern.. For now it is coiling around entry point and if it go for 1.273 and towards 1.27 then its good to long as well with stop below 1.268 and for tp towards 1.30.
Comment: Stop Loss now at BE.
Comment: I will not be buying usdcad from 1.271 anymore.. as to me it has destroyed that bullish setup...
Comment: I was stopped out at BE. and re entered again at 1.28.

To me usdcad is just testing old support and will head down towards target of 1.273 and below 1.27
Comment: Big 4hr Doji candle.. out at BE.
And Canada data ?
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Is it a good idea to enter this trade knowing of the recent opec meeting ?
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newbie2016 ChimbOt
its only 30 pips stop... and stop is at big breakout figure 1.283... so i dont think it will hurt much as you can see it struggling below 1.283..
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newbie2016 newbie2016
as per its pattern.. i will be shorting then buying from dip.. if i will not be stopped out first from sell :)
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ChimbOt newbie2016
I think we seen the volitiality of Usdcad and oil in the recent days.30 pip swings in a few minutes. Good luck :)
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newbie2016 ChimbOt
yes possible in a single spike of 1 second rather than minutes :) but i will stick to my plan..
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