1 Lot Profit taken off of USDCAD
LONG from March 12th @ 1.28385 and closed @ 1.30944 for a +255.9 pip gain. Not a bad haul. Still in with 1 LOT and monitoring price action, which has hit resistance at 1.31 mark corresponding with the 61.8% retracement
off of the May 2017 high. Price did breach the most recent Weekly Supply area and I'll be watching how it performs if/when it re-enters here. Trailing stop 50 pips from price. RSI
, and DMI are all printing divergence. I'm anticipating a brief retracement followed by a last Bull push taking out stop order above 1.31, followed by a legitimate correction.