Daily channel seems to have been broken if that's the case the we are likely to have a massive upward breakout. currently the bulls have good momentum based on the 4hr and hourly closed candlesticks.
Trade ativo
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Trade fechado: objetivo atingido
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Target reached after a couple of retests, USDCAD could continue rising, we ust need to find a good entry signal.
I agree with your bullish view on USDCAD, we are also bullish on this currency pair here's our idea:
Mateoo
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@FXCM-EDU, I like your analysis, after your tp is trigered will observe if its safe for another buy
Mateoo
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@FXCM-EDU, Here we go
Maxwell-Z
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It's going down...
Mateoo
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@FXGURU-Z, There is that possibility but my analysis says it will go up. Can l see how you came to conclude on the bearish move?
Maxwell-Z
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@Mateoo, Wait till it retest the trend line that it broke, then that's when you'll have to go long... When trading break-outs make sure you wait for the re-test...
Mateoo
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@FXGURU-Z, I agree with you 100%. My stop loss is actually below the trend line. so we good hey
Maxwell-Z
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@Mateoo, i'm still taking advantage of this pair going short...
Mateoo
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@FXGURU-Z thats great l actually did hedge it a little for a few hows but now l am mantaining my long position,