akukiet

USDCAD: Bull run, over new support.

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD: USDCAD broke resistance line at 1.2175, and respected
nicely, started fresh bull rally, now became support level .
i tried to draw bullish trend channel (without higher low),
looking for long setup 1.2182,on lower level or trend channel.

it looks good for long setup, at newly formed support: 1.2175
(it could be big bet for marathon )

*trade channel based on hourly chart.

Technical- Based on S/R and trend channel :
- Next Resistance: 1.2246
- Support: 1.2175 (best buying price)


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Image-
Trade active: SL move to 2.1785
Trade active: Trailing SL hit, Level testified as strong support, respected 4 times in very short time period.
Trade closed: stop reached