USDCAD Long, RR 1:1.71
Reasons to enter:
1. Long term trendline was broken and close above. Break on the 4th time retest of the trendline
2. Buying power is still intact, higher highs and higher lows are still forming.
3. A recent bounce back upwards on the EMA 21.
4. Aiming for the next resistance / -61.8% fibo levels
EP: 1.2380
TP: 1.2500
SL: 1.2310
Trade safe and happy trading all! =D
1. Long term trendline was broken and close above. Break on the 4th time retest of the trendline
2. Buying power is still intact, higher highs and higher lows are still forming.
3. A recent bounce back upwards on the EMA 21.
4. Aiming for the next resistance / -61.8% fibo levels
EP: 1.2380
TP: 1.2500
SL: 1.2310
Trade safe and happy trading all! =D
Trade closed: target reached
8 Pips till target! Closed my trade with 89pips wohooooo! =D Hope you all enjoyed the analysis yo!
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