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glennmercer
Jan 11, 2017 1:36 PM

USDCAD Long: Breakout Awaits! Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has broken out of a short parallel channel in addition to many resistance and trendline piercings. I am a buyer over short term resistance during these next three hours of high volatility. Updates to come, cheers all

Trade active

USDCAD Long Active!

Trade closed: stop reached

Stopped out after a brief rally, done trading USDCAD for today. Will analyze again tomorrow. Cheers
Comments
AmarGMedia
will this rise ?
glennmercer
@amar007, Being that this was a false break and the Trump speech sent the USD into a slide, I would be looking for shorts here over longs.. However, I only trade this pair from 8am-10am EST and if it does move I won't be in it. More to come, cheers
AmarGMedia
Super accurate mate. well done.....you must be chuffed !!
glennmercer
@amar007, Hit stop actually! A breakeven point at the weekly pivot would have been optimal here, especially only being a few pips from 1:1. That's what a journal is for! Great week overall
Diddy0708
Really nice! saw the same...but trump was in the game...
Best regards from germany :-)
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