(J) Trade 22 : Trend-following the Loonie #forex

Trade 22: Long USDCAD @1.2915
Trade Status: Pending
S.L 1.2815
T1: 1.3055
T2: 1.3300

Balance= $28 000 Position size = 0.65 lot ~ 2.5% risk of capital

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Reasoning

• Breakout above previous major swing high within the context of a long term trend
  
• Retracement towards the broken resistance and price formed a hammer candle and holding support
  

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