USDCAD ST looking to LONG with a target at 1.2710

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.

Transaction en cours:

Order triggered last night and SL moved to BE point.

Commentaire:

Profit holding 80++ pips.

Trade fermée manuellement:

Closed at 80++ pips! Short term trade don't hold for too long.