USDCAD: Long reentry

26 thg 8, 2016

We reentered USDCAD longs today. I expect a strong rally to emerge from here, today's strong close after a shakeout (post Yellen's mumbo jumbo) gave way to a solid advance that broke the Brexit key level resistance. If we observe that next week's trading stays above the blue rectangle (the weekly uptrend mode), we will get confirmation of a rally towards 1.372, to be hit by December 10th, or earlier.
You can enter long next week at the open, using the stop on chart is a good idea to give it some margin of error.

Good luck if taking this trade (or if long USDCAD!).

Cheers,

Ivan Labrie

31 thg 8, 2016

Ghi chú

Move stop to 1.2997

1 thg 9, 2016

Giao dịch được đóng thủ công

I'll buy on dips, out for now, with good r/r.