Looking for a long entry for a retest of the week high

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Weekly/Monthy market structure is up for USDCAD. Canadian fundamentals are weak with oil prices at historic lows, Gold helps but any pushback on the price of Gold will simply make USDCAD explode to upside.

I am only looking for Longs within this market at the moment. I Got stopped out of initial long at 1.4000 because I added size too quickly, so looking to get back into the market at support with a nice 3:1 R:R

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ملاحظة

I started the long at 1.40371 instead. The price action was moving too quickly for my taste so I reduced risk on the trade.

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ملاحظة

Moved stop to 1.39925 as well. Bears are hungry. :)

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ملاحظة

Looking like offer has dried up. Back to entry now. Will start looking to add to position

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ملاحظة

Still haven't added to long yet. Lots of overhead resistance at 1.4120. Will wait for a 1h close over that level and start looking for pullback buys on shorter time frame. Still leaving the stop where it is for the moment.

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ملاحظة

Looking like we got the necessary support to push this higher. Oil Bulls are giving up...

Going with a double-down stop buy order @ 1.41235

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أغلقت الصفقة: تم الوصول لوقف الخسارة

Couldn't add, market hit's support. Will re-assess.