USDCAD Daily LONG

This is a great LOW RISK High REWARD trade.
I will OPEN a Long Position @ market open.

What the RUSH ?
1. Weekly Chat Price was rejected last week on MA 100 (Weekly chart is extermly BUllish
2.Beautiful Pin bar @ and on MA 200
3. Price has retraced to Fib level of the Pin bar
4.Monthly chart, weekly chart and daily chart are strongly bullish
5.we are following a recent ABCD Elliote wave pattern
6. There is also the 121 pattern that it keeps on repeating.
7. MAs are lined up

While Due to last 13 days the sentiments are very bearish BUT I can not ignore reason # 1 and specially reason # 2

RIsk 95-100 pips
Reward 1.35 @least
TP break downs:
Tp1 1.3270
TP2 1.3370
TP3 1.3570
That is 5.5 : 1 Risk reward.

Good luck

Comentário:

Also in Profit with 13 pips

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I am in negative in this paid AGAIN this week. I am going to HOLD ON to my LONG unless SL is hit
We still have BOC tomorrow which I think its gonna push bulls. will see.

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USDCAD is like pulling teeth.

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Back to my entry level

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10-15 pips to my first TP, So I Moved my SL to +50 pips profit. I am gonna let this run now that I have 50 pips secuerd.

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TP cashed in 100 pips

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TP2 Collected another 100 Pips
I Moved the SL to 1.3270

Comentário:

USDCAD on daily chart looks like is forming a PIN BAR.
If this PIN BAR still exist at close of today I will close the final position.

Comentário:

DONE Closed LAst position @ 1.3320 150 pips Gain DONE With USDCAD
Total of 350 pips