nick2497

USDCAD Long (H4) PLEASE READ DESCRIPTION.

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
PLEASE NOTE: I have reduced my exposure for USDCAD SHORT (Daily) by taking out most of my position at break even/ very small loss, and instead went for a long on H4, as I felt that USDCAD would have a strong move up bouncing off demand zone /100ema twice AND having a bollinger band volatility contraction as well (awaiting a big explosive move potentially). Could be the day for USD today. We shall see...
I am still keeping a SMALL position on USDCAD for a SHORT (on the Daily setup on my other idea) but will not be entering any more short positions on USDCAD until I see a clear pattern on lower timeframes (H4/H1) that suggests the move is bearish confirmation.

Cheers

TRADING IDEA , NOT INVESTMENT OPPORTUNITY ---- TRADE AT YOUR OWN RISK!