justatrader
Long

USDCAD - Resuming its rally?

FX:USDCAD   U.S. Dollar/Canadian Dollar
262 6 1
Pair looks bullish , hinting towards new high. MACD turned above 0-line. The shaded green area shows the buy zone with stops coming in at 1.09058.
You're cool, pal. I was still hesitating, whether to enter that long. So I'm glad I followed your idea.
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justatrader PRO ForceFollower
But still be cautious until 1.12 becomes support. I have another pending long at the lower end of the buy zone. Its a very long term trade but at the very least should pack in some good profits. Also just a few more days into March... Fresh set of data and renewed taper talks, continued sloppy canadian data should be good for this pair.
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ForceFollower justatrader
I can see your perspective is longer than mine. I trade off M240 (H4), so my SL is now at 1.107; TP1 at 1.1157 and TP2 at 1.1181.
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ForceFollower justatrader
Btw, also an interesting buy setup on GBPCHF H4. If it meets your standards, it should go up to 1.489.
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justatrader PRO ForceFollower
Yep.. Nice catch. Posted that one here. Should see more than 1.489 if I got it right.
GBPCHF - Double Bottom
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Seems likely.
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