Feeling Long on USDCAD (finally...)
Been tracking this since last week. Lost a couple positions due to early entries and not letting it test the support zone. Price broke out of a monthly downtrend and is now retesting the support zone. Price hasn't broke the most recent low on the 4 hour just yet and I see on the 5 min that there are a few newer highs being created although the 15 min doesn't reflect it yet. I entered on the 5 min time frame and I mean cmon...at some point this has to shoot up and It's in a support zone now so that honestly was enough confirmation for me to re enter. On the 4 hour time frame I also see my bottom two lines are crossing up from underneath the bottom horizontal line which is what made me want to check the smaller time frames for new highs being created!
Take Profits are the orange lines. Keep your Stop loss at 50 pips just to leave room.
Take Profits are the orange lines. Keep your Stop loss at 50 pips just to leave room.
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