USDCAD LONG ( MEDIUM TERM)

Jul 22, 2016

Check the chart for details excellent R:R

Jul 22, 2016

Note

If prices do not come in for a retest. You can buy on a breach of 1.31838. Ideally a 1H candle breaching this level should come down for the retest. Buy the retest and hold this position. You can Place your SL below the Fib levels on this chart if you like.

Jul 24, 2016

Trade active

Bought in @ 1.31487 Lets see how this goes SL just below 1.30360

Jul 25, 2016

Trade closed manually

I closed my trade @+2 Pips, it seems price action is a little choppy atm.

This might just be a fakeout, so watch out if your planning on holding your trades.

I will however reconsider buying this pair if a 1H or 4H candle breaches above 1.31845 or if prices retest the rising trend line @ 1.31249 areas..

I will repost and re update the chart if that happens.