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U.S. Dollar / Canadian Dollar
Long

Holding Support

By mortdiggiddy
Updated
Continues to hold around previous pivot high and Year CAM R3. UWT USO DXY TLT
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The 0.382 Retracement is also holding this thing right on top of Year CAM R3. snapshot
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I would like to see price come down to 1.3050 where the big confluence of pivots are and the midline of the secondary pitchfork.

1.3150 is my stop trigger to go long for now unless we move lower to that target, in which case I will move it down to 1.3100.
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snapshot
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I believe this liquidity introduced by the BoC rate decision (1.5% vs 1.5% expected) will introduce the long. More times than I can remember, rate decisions by central banks have proven to be the final thrust of the price before reversing (buy/sell the news).
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Took a gamble with 2 lots @ 1.3075.
Trade active
UC perfectly hit the big weekly 38.2% retracement and stopped.
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Setting initial target @ 1.3250 near the July 2 high and the daily ATR trailing stop. snapshot
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Will take some profit at first resistance level 1.3222. snapshot
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Added 2 more at backtest of daily CAM S3. snapshot
Trade closed: target reached
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1.3250 on the Daily ATR Stop will be decent resistance for now.
PitchforksPivot Points
mortdiggiddy
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