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Black-Capital
Jul 19, 2021 10:09 PM

USDCAD LONG Long

U.S. Dollar/Canadian DollarFXCM

Description

Reasons for entry

-USDCAD has been booming hasn't retested that much just breaking and powering through
-Moving averages below price
-Rejected 1.273 Level a couple of times on smaller timeframes
-Strong buy signal from other traders strategies.

My doubts

-Price hasn't really corrected itself, not sure when this could happen.


Overall a pretty confident trade to take.

Trade closed: stop reached

Held trade should let it go

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