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Akil_Stokes
Aug 2, 2016 2:06 PM

USDCAD: Retest of previous structure Support Long

U.S. Dollar/Canadian DollarFXCM

Description

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
TradeEmpowered.com -The Premier Online Trading Education Company
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Trade active

Trade closed: target reached

First targets achieved
Comments
JRFreeze
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??
JRFreeze
Actually no it's plain and o see. A simple case of support and resistance zones, levels at which peaks and troughs converge..
Akil_Stokes
1.3100 even handle as well
Akil_Stokes
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
when you are right you are very right
Ian.Watts
your getting good at this trading business
Akil_Stokes
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
yes i was let out for the day. i know you would have not let us down by turning up
VForex
Looks like the dollar might be showing strength too on the hourly
Akil_Stokes
Thanks for the share!
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