USDCAD LONG
Updated
Reasons for entry
-USDCAD has been booming hasn't retested that much just breaking and powering through
-Moving averages below price
-Rejected 1.273 Level a couple of times on smaller timeframes
-Strong buy signal from other traders strategies.
My doubts
-Price hasn't really corrected itself, not sure when this could happen.
Overall a pretty confident trade to take.
-USDCAD has been booming hasn't retested that much just breaking and powering through
-Moving averages below price
-Rejected 1.273 Level a couple of times on smaller timeframes
-Strong buy signal from other traders strategies.
My doubts
-Price hasn't really corrected itself, not sure when this could happen.
Overall a pretty confident trade to take.
Trade closed: stop reached
Held trade should let it go L
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