USDCAD - Long - Daily Chart - 3 : 1 Win vs Risk

2019年7月16日

Hello all - DuncanForex with another trade idea

With USD gaining strength - I am looking to go long on USDCAD

I missed the 4hour bullish engulfing this afternoon therefore I am entering on the daily chart - with also a buy limit set at the 50% retrace point so if that triggers I will have a larger lot size

I am looking for 2 targets - first arrow is the downward trend line that may act as resistance.

The second is a major swing low area and further area of resistance

Lets see how this plays out.

I can see USD being strong until the FOMC rate on the 31st July and then I think USD is going to weaken dramatically and the overall trends will resume of USD being weak

Thanks for looking Duncan

2019年7月17日

交易進行

Trades active albeit in drawdown - will let it play out as USD weaker sooner than expected. Offset with GOLD flying this afternoon.

2019年7月25日

交易進行

Trades live and going well - TP 1 in sight