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
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
Note
Move stop to 1.2997Trade fermée manuellement
I'll buy on dips, out for now, with good r/r.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.