gcplau
Long

USDCAD bounce possible

FX:USDCAD   U.S. Dollar/Canadian Dollar
64 2 3
Technically, USDCAD             shows support in this key level of 1.25~1.26 and a retracement of 38% in weekly;
Dollar shows positive PA movement in weekly as well for weeks and expect to continue rally; Crude Oil             is not expect to rise above US50 and max 10% upward range impacting approx 200pips in USDCAD             at best.
Enter now or average between 1.27 & 1.25, SL1.2350, PT 1.3250
Comment: Another swing coming affirmed by PA signal, re-enter at 1.2866 for a 2R r/r.
Comment: Details of above re-entry is in Swing 2 Long published in another idea:
USDCAD Swing 2 upward on the way

this one 2.6RR completed.
Swing 1 execution error resulted 100pips lost which is 0.3R
Rollover result +2.3R/R.
Swing 3 long also executed, rolling 100pips profit now and upward momentum increasing.
Price Action did not follow well.
SL at 1.2548 (approx 120pips loss = 1%)
Wait for a more affirmative PA to re-entry long.
Reply
reenter : 1.2866 for a 1:2 r/r
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