USDCAD: Retest of previous structure Support

FX:USDCAD   U.S. Dollar / Canadian Dollar
One of the trades looked at in this morning's Live Trading Room session. Long USDCAD             at 1.3019's on a retest of previous structure support .

Used an aggressive entry, but this opportunity as an excellent risk to reward on it.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Trade active
Trade closed: target reached: First targets achieved
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Nice trade Akil, that spiced up my afternoon no end, in a very casual lock and leave way. Can I ask why you placed your first target there??
+1 Reply
RJHumphries RJHumphries
Actually no it's plain and o see. A simple case of support and resistance zones, levels at which peaks and troughs converge..
+1 Reply
Akil_Stokes PRO RJHumphries
1.3100 even handle as well
Akil_Stokes PRO RJHumphries
A combination of structure and a psychological level. I was originally looking higher for first targets but didn't want to get greedy, especially in such an aggressive trade
TomPower Akil_Stokes
when you are right you are very right
your getting good at this trading business
+1 Reply
I thought you were locked away in a cave somewhere completing years and years of backtesting. Great picture you the UK meetup as well. Made me smile
Ian.Watts Akil_Stokes
yes i was let out for the day. i know you would have not let us down by turning up
+1 Reply
Looks like the dollar might be showing strength too on the hourly
+1 Reply
Thanks for the share!
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