Here is my simple USDCAD long entry based off the current 1hr chart.
The bearish counter trendline was broken on Friday with a higher high being made. Price has now pulled back to retest the trendline and the fib 0.786 level.
I am looking to add to my current long position on USDCAD that I entered at the beginning of the month.
Profit target 1 is at the previous highs of this month at around 1.34680
Profit target 2 is long term at 1.3650
The bearish counter trendline was broken on Friday with a higher high being made. Price has now pulled back to retest the trendline and the fib 0.786 level.
I am looking to add to my current long position on USDCAD that I entered at the beginning of the month.
Profit target 1 is at the previous highs of this month at around 1.34680
Profit target 2 is long term at 1.3650
Trade active
Note
Lovely bullish engulfing 1hr candle close now. Hopefully the momentum staysTrade closed manually
stopped at breakeven on this attempt
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.