USDCAD completed a 50% retrace. A continuation of its uptrend should be expected. Fractal resistance to support a continued downtrend is failing to form and band width is already approaching previous peaks. Enter now.
SL: 1.273 TP1: 1.3 TP2: 1.312
Comment
Still in the green. This is an opportunity to add long or enter if you haven't already.
Comment
May be forming a triple bottom. Stop not triggered yet.
Trade closed manually
Closing out this trade now to protect profits. Currently, too uncertain.
Comment
At least +67 pips.
Comment
Interesting to note that TP1 ended up being hit. Significant profit was still earned, nonetheless.
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.