newbie2016
Long

USDCAD Setup again.

FX:USDCAD   U.S. Dollar/Canadian Dollar
312 5 15
Details on chart.
Comment: I am bullish on this pair as I see some good pullback above 1.34 figures before reversing.. But it needs to crack 1.322 previous support not good resistance..

For now it has made good base at 1.30 for bounces.. and new downtrend will start only after break of 1.28. Above it will remain in consolidation.
Comment: Previous support 1.322 now good resistance.
Comment: USDCAD Daily Chart.

snapshot
Comment: UCAD again bounced from 1.30.. now base.. and we will most likely see move towards 1.316 and 1.322 today.. and if we able to break 1.322 then new jumps will start for 1.34 in coming sessions.
Comment: If usdcad didnt clear 1.32 then possibility for fall back again towards 1.308...
Comment: 1hr chart

snapshot
Comment: I entered with 2nd entry from 1.2084 and keeping stops of both deals 1.29
Comment:
snapshot
Comment: Out with loss at 1.2946
Comment: I am short usdcad from 1.2948 with stop 1.2955.. Only 7 pips stop.. just 1 pip above new 4hr candle.

Will adjust tp but will watch this 4hr candle close.
Comment: USDCAD can possible test 1.2856 and even 1.283 as well...

snapshot
Comment: Closed sell at 1.2865 from 1.2948.
Grat set-up newbie, I'm in too
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newbie2016 RamaDeda
good..!!
Reply
good one thanks
Reply
good one was the one that closed earlier :) both buy and sell side tp hit.. this one has to start its action.. lets see..
Reply
newbie2016 newbie2016
USDCAD Buy and then Sell
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