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USDCAD ST looking to LONG with a target at 1.2710

Panjang
Dolar A.S. / Dolar Kanada (FX:USDCAD)  
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FX:USDCAD   Dolar A.S. / Dolar Kanada
Supply and Demand Support and Resistance usdcadlong usdcadforecast usdcadbuy USDCAD usdcadsetup
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supplyanddemand supportandresistance usdcadlong usdcadforecast usdcadbuy usdcad usdcadsetup
Looking at USDCAD
  • H4 Chart, clearly it's been a strong downtrend for few weeks and created a 8-weeks low at 1.25249. Beginning of last week USDCAD was clearly showing a strong selling volumes control over the market and the momentum stopped by 11/4/2018 and over here I would assume that most of the selling volume had TP.

    Thus, with the information that I have as below:
    1. Divergence showed over the indicators of MACD & OsMA.
    2. Counter-trend impulsive. (Took out the latest high on 16/4/2018)

    With those information that I have, I would like to go for a Short Term Long position near 1.2590 region, SL @ 1.2535 and targeting 1.2710.

    However, this trade's gonna last for maximum 2 days as I mentioned above that this is just a Short Term trades & looking at the long term view, USDCAD still remain bearish bias as long as the market price hold below 1.2820 region.
Dagangan aktif:
Order triggered last night and SL moved to BE point.
Komen:
Profit holding 80++ pips.
Dagangan ditutup secara manual:
Closed at 80++ pips! Short term trade don't hold for too long.
Penafian

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