ForexWeeklyAnalysis
Long

Long USD/CAD around low 1.09XX region

FX:USDCAD   U.S. Dollar / Canadian Dollar
164 4 2
Low 1.09XX region represents the low of February and a nice round number as well.
Consider exiting if price closes below 1.09.
I don't really have a target in mind so I suggest using a trailing stop loss on this one if/when it runs.
Is there any possibility to go up from here?
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There's always a possibility lol but it doesn't look good right now considering the daily candle just closed below the major support level of 1.09. I already got stopped out so I'm not in any rush to get back in right now, the next major level of support is down at the low 1.07 region.
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My long filled this morning at 1.0915, stop loss currently set at 1.0885.
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ForexWeeklyAnalysis ForexWeeklyAnalysis
Stopped out
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