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U.S. Dollar / Canadian Dollar
Long

Holding Support

By mortdiggiddy
Updated
Continues to hold around previous pivot high and Year CAM R3. UWT USO DXY TLT
Comment
The 0.382 Retracement is also holding this thing right on top of Year CAM R3. snapshot
Comment
I would like to see price come down to 1.3050 where the big confluence of pivots are and the midline of the secondary pitchfork.

1.3150 is my stop trigger to go long for now unless we move lower to that target, in which case I will move it down to 1.3100.
Comment
snapshot
Comment
I believe this liquidity introduced by the BoC rate decision (1.5% vs 1.5% expected) will introduce the long. More times than I can remember, rate decisions by central banks have proven to be the final thrust of the price before reversing (buy/sell the news).
Comment
Took a gamble with 2 lots @ 1.3075.
Trade active
UC perfectly hit the big weekly 38.2% retracement and stopped.
Comment
Setting initial target @ 1.3250 near the July 2 high and the daily ATR trailing stop. snapshot
Comment
Will take some profit at first resistance level 1.3222. snapshot
Comment
Added 2 more at backtest of daily CAM S3. snapshot
Trade closed: target reached
Comment
1.3250 on the Daily ATR Stop will be decent resistance for now.
PitchforksPivot Points
mortdiggiddy
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