USD/CAD - LONG entry for the possible continued up-trend

US Dollar hit this week from the Brexit headlines but now has a great entry to continue the re-test of previous highs. Have a tight stop loss so we can find another entry later when Brexit dies down (hopefully..)

Bullish Confluences:
- Possible bounce from 38.2% fib retracement
- Price is on the neck-line of the inverse head and shoulder
- Possible failed breakout of CAM S4
- On a major resistance fractal area

Watch out for strong stop hunts because of the upcoming Brexit news tonight and tomorrow.
Target is CAM S5 again as shown on the chart.

If this chart helped at all, leave a like or follow.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.

DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.

Good luck to everyone!

Giao dịch đang hoạt động:

Position @1.32981

Giao dịch đang hoạt động:

My 10 pip SL hit on last position, but it bounced from 200 MA and a serious resistance fractal. Longed it @ 1.32531.

Bình luận:

Trade is not invalidated, as shown on chart, it is around stop hunt area. The long @ 1.32531 is looking well right now.

Bình luận:

Wave 1 complete. Looking for wave 2, to add more positions.

Bình luận:

Added more positions @ wave 2

Bình luận:

Dropped hard after better than expected Canadian GDP, SL breakeven hits on a couple of positions. Still looking to hit target.

Bình luận:

Target nearing, one more push up should hit 1.35560

Đóng lệnh: đạt mục tiêu