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thatlazytrader

USDCAD - LONG

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
thatlazytrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Analysis USDCAD
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trendanalysis technicalanalysis usdcad
Reason for bias is all in the chart.
Comment:
ENTRY: Once the 1H 50ema (red line) is broken to the upside and significantly retested and bullish price action is shown at the retest level, then we can look for a long entry from that zone.

TARGET: A good zone will be the 4H 50ema resistance level.
Trade active
Trade closed: stop reached:
Price did not reach 4H 50ema profit target. Will look for a better entry once all the news reactions play out. Moving on to the next opportunity.
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