USDCAD- Big Long Opportunity Almost Ready

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USDCAD has reach major key inflection point on the daily timeframe. What interseting is it approach this major key area with Descending corrective stucture which usually give signal for a move to the upside. The price has now rejected impulsively from the bottom of this descending structure. In addition it is now alreaddy forming a bullish continuation structure on lower TF (M30-H1).

I will take the break of this bullish continuation pattern as the trigger to my buy entry with sl below the continuation structure. There is a massive reward available if the price continue to move upside. On the other hand, i always use position sizing so i just risk 1% of my account / trade. With this massive risk reward ratio, this setup is surely a trade to take.

Good luck

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تم فتح الصفقة

Price break the bullish continuation flag now, so i took long entry with sl below the flag

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ملاحظة

Running 1 % now, Sl moved to bep,.. risk free trade..:)

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ملاحظة

Update : Now Running +1% ++. Move to to 1.30400. Lets see if the price can keep going further...

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ملاحظة

update: move sl to 1.30900,.. securing 1%++ profit..

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تم إغلاق الصفقة يدويًا

Update on USDCAD trade that share before, this trade hit my trailling sl at 1.30900, securing 1 % profit. Lets see if we can find another reentry opportunity..