This pair has been very bullish for over a year now if you look at the daily chart. What I am looking for here is a small relief from the recent uptrend, supported by the OIL price rising again. As you all probably know, the CAD is heavily influenced by the price of OIL.
On the 4h chart, I am looking for a little rally into previous structure from where we could re-test the most recent lows again. This offers a nice R:R ratio of 2:1. Possible extended target could be around 1.34 area.
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Constructive comments are always welcome !
交易進行
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We had to wait for it for a while, but now this trade is active
評論
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Target hit : I took off 50% of the position, moved the stop loss well in profit and will let this trade run with a target of 1.3405
評論
evo8fx
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Excellent Trade! Big props man.
Nico.Muselle
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Thanks a lot for your support, this indeed was an great and painless trading opportunity. )
Akil_Stokes
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Nice, looking at the same area over here
Nico.Muselle
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Excellent ... it was a long wait before we reached this level .. What target are you aiming for ?
Akil_Stokes
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I'd be looking for a retest of previous support followed by an extension to 1.34's
Nico.Muselle
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Glad to see we're on the same page ! Eyeballing same targets here :)
pathaniasourabh
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Can we see 1.34 area ???
Nico.Muselle
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Initially I am aiming for a re-test of the previous lows ... If that level breaks the next support level is around 1.33
BogdanBratu
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This has already started to go down. Have you already made your move?
Nico.Muselle
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Patience rewarded, my entry got filled today ... let's see now where it will take us :)