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

23 avr. 2020

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

23 avr. 2020

Note

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.

23 avr. 2020

Note

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

23 avr. 2020

Note

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

24 avr. 2020

Note

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.

27 avr. 2020

Note

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

29 avr. 2020

Trade fermée: ordre d’arrêt atteint

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