USDCAD: Long reentry

26 ส.ค. 2016

We reentered USDCAD longs today. I expect a strong rally to emerge from here, today's strong close after a shakeout (post Yellen's mumbo jumbo) gave way to a solid advance that broke the Brexit key level resistance. If we observe that next week's trading stays above the blue rectangle (the weekly uptrend mode), we will get confirmation of a rally towards 1.372, to be hit by December 10th, or earlier.
You can enter long next week at the open, using the stop on chart is a good idea to give it some margin of error.

Good luck if taking this trade (or if long USDCAD!).

Cheers,

Ivan Labrie

31 ส.ค. 2016

บันทึกช่วยจำ

Move stop to 1.2997

1 ก.ย. 2016

ปิดการเทรด ด้วยตนเอง

I'll buy on dips, out for now, with good r/r.