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jrashaadtrades
Mar 19, 2018 6:35 PM

USDCAD Trade Update 

U.S. Dollar / Canadian DollarFOREX.com

Description

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, MACD, 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.
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