USDCAD: Breakout coming

U.S. DOLLAR / CANADIAN DOLLARICE

Description

⋅ Nov 6, 2015 1:15 PM

Simple analysis on chart, see my EURUSD chart for more information on today's webinar.

Place pending orders:

Long trade:
-Buy stop at 1.32134
-Stop loss at 1.31681
-Target #1: 1.33996

Short trade:
-Sell stop: 1.31228
-Stop loss: 1.31681
-Target: 1.25383

For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.

Cheers,

Ivan Labrie
Time at Mode FX

Trade active

⋅ Nov 7, 2015 6:09 AM

Entry triggered, booked half. Stop at break even.

Comment

⋅ Nov 11, 2015 8:23 PM

Still long, might have one more leg up.

Comment

⋅ Nov 12, 2015 3:50 PM

Long working.

Comment

⋅ Nov 13, 2015 11:20 PM

Just stay in and trail stops.

Trade closed manually

⋅ Nov 17, 2015 1:50 PM

Comments

jangseohee

⋅ Nov 7, 2015 8:26 AM

thanks to nfp manupulated data

CryptoPAMM

⋅ Nov 11, 2015 9:37 PM

for me it looks like up is more likely, perhaps not now but a bit later, lets see what will happen at 1.32 support

IvanLabrie

⋅ Nov 11, 2015 9:45 PM

Nice, I'm still long, but monitoring it.

CryptoPAMM

⋅ Nov 11, 2015 9:49 PM

I have limit buy at the level on the chart

CryptoPAMM

⋅ Nov 11, 2015 9:51 PM

also the upside target could be a bit lower, will have to monitor other usd and cad pairs

Nick_C_

⋅ Nov 6, 2015 6:24 PM

Beast!