Long

USDCAD long

Updated

Entry: 1.3390
Stop loss: 1.3350 [40 PIPS]
Take Profit: 1.3470 [80 PIPS]
R:R 1:2

USDCAD is sitting on top of trendline support, and both 1, 4 hour are suggesting a long. we've a clear 1:2 trade here. I'm in.

Trade active

Note

New Stop Loss: 1.3390
Trade is now running risk free (30 pips profit)

Note

Changing stop loss to what it was earlier. 1.3350 to give this trade some breathing space.

Note

Changed stop loss to 1.3310
R:R is now 1:1

Note

Running positive now (20-30 pips range). might have to hold it over the weekend, so it can hit our 80 pips target.

Note

Now running 50-60 pips in profit.
TP1: 1.3470 25% of position
TP2: 1.3490 25% of position
Stop loss: 1.3390 to make it run risk free from here.

Note

Multiple failed attempts to break the 1.342x area. setting SL to 1.3350

Note

I'm holding this trade for over a week now. $ is losing strength. I've moved stop loss to 1.3310 [80 pips SL]

If it breaks that level, this trade will be closed and I'll be out for good.

Note

It's back to green.

Trade closed: stop reached

Stop loss has been hit at 1.3310 and we're out with a loss of 80 pips.

wajedi8619

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.