We have a good opportunity to take USDCAD longs at market price here. Risk a drop to 1.2758 which would nullify this push. Oil is most likely at a top, so I expect this to progress favorably for FX traders. Risk 0.5%-1%.
Good luck!
Ivan Labrie.
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Good progress, holding.
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You can move the stop to 1.2858 and add to longs.
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Reentered long, stop 1.2921. It should go straight up from here.
looking to short once usdcad retraces back to 1.3000 and gives me sell signals. looking at the monthly break of the long trend with its first LL and LH with a target down at 1.2000 which ties in with monthly trendlins. Monthly divergence and daily converging short.
Alex.Singletary
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great catch. I entered in yesterday at 1.2783 pretty happy with the entry :D