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jrashaadtrades
15 mars 2018 17:38

USDCAD LONG +140 Pips in Profit Long

U.S. Dollar / Canadian DollarFOREX.com

Description

Update from USDCAD LONG, which I wrote about
. I was anticipating a break above the trendline which took place on the 13th. Price action has pushed through the 50.0% retracement level from the May-September bearish swing. My target is @ 1.31290, which corresponds closely to the 61.8% Fib level, which is also the 1.618% extension off the January 31st low.

Also worth mentioning is the significant shift in trader sentiment as retail traders are now net short at almost 3:1.
Plus