Long

USDCAD Long

By kashifali6

Updated

Everything is on the chart 1.39 Entry TP 1.45

Trade active

Taken profits at 1.433971 & entered again at the pullback 1.40222

Note

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Note

Bearish Sentiment for USDCAD 1.41406 is 61.8 Fibo Support level. next Support will be at 1.40106.

Note

The last retest is done today...It will shoot up very soon now...I hope you have entered at 1.40770.
NEXT week Oil is expected to drop further hence CAD will become weak.
That will boost the USDCAD into a huge buy.

Note

Bearish and Bullish Scenario on USDCAD

Bearish
1. Possible end of Oil war between Saudis and Russians.
2. Oil prices rise.
3. USD weakness

Bullish
1. Oil prices go further down.
2.USD strength.

Note

CAD strength scenario played in yesterday as OIL prices spiked to 24$.
Hence USDCAD went bearish for a short while.
But this is a short term sentiment traders.
Since USD strength will soon kick in push USDCAD into another buy.

Trade closed: target reached

Manually Closed on 350+ Pips Tp

kashifali6

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