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U.S. Dollar / Canadian Dollar
Long

What a breakout

By mortdiggiddy
Updated
Next target Year CAM R4 shown. USO UWT DDWT DXY TLT
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No breaks for awhile as Month CAM R4 is broken. snapshot
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The bollingers shown are 200 period bollingers in the above 1H chart snapshot. Full breakout mode, no sells until price wanders out.
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Getting some backtests on the next important trendline, the ascending white trendline in this picture with price marked. snapshot
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Closer look snapshot
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The top target for me is 1.37 near the previous big pivot point many months ago in May 2017.
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Adding long here on 4HR ATR Stop and backtest of CAM Week R3. snapshot
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Closer look. Notice the 55 HR Lowest Close test and Daily CAM S4 also. snapshot
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Hell Yes. Big move back up off of CAD Data.
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Took some profit at the big 50% retracement line. snapshot
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200 EMA starting to roll up here as well. Notice the midline of this pitchfork struck today. snapshot
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Inverted daily candle today after the news... not abnormal as profit taking on high liquidity events is normal. Day by day!
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Maybe dreams will come true one day snapshot
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CAD getting a boost from oil today... but not much. Adding back in a little bit of UC long here on daily CAM S4 after closing half last week on the big 50% retracement line. snapshot
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Nice work by BoC governor. Holding through this and the initial target from the main chart window of this post remains.
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Slight struggle on CAM R4 week here and another test of the 50% Fib line. Target at Year CAM R4 shown above and moved stop to the entry taken earlier today. snapshot
Trade closed: stop reached
Wedge
mortdiggiddy
Find the edge.

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