US Dollar vs Canadian Dollar H4 Live Forex Chart
USDCAD,H4 Chart By Stocktastic
0 guests and 0 members are viewing this chart
Still stuck in the range, 0.9950-1.000. 0.9920 next support if 0.9950 breaks.
Long time since monitoring this pair. 0.9760 was the perfect entry that I should have taken. Looking a bit more top heavy now on the 4 hourly, after testing 1.0040, but has been bouncing between 0.9953-0.9977 for 24 hours, something will give and upside looks more probable at moment ?
Took the other half off to reduce risk for 13 pips and then flat on USDCAD. Original Trade idea now showing to be very sound, CAD Government announcing possible rate hike and CAD strength. Can use the excuse that I had too many positions on and had to reduce risk, but given the few weeks I waited for this trade, I should have left it alone.
This trade triggered yesterday morning. Already had a number of positions for Friday, so risk was getting too large. TP on one half for 20 pips at 0.9923.
Need to work on taking trades, this is panning out very well, shame I have no trade in it.
What you expected your trendline to be held, 0.9760 did hold again, and yes I had not orders in the market again. Focussing much more effort on what EURAUD is doing.
0.9800 area rejected again. Price under identified trend line on 4 hr. Will 0.9760 still hold, remember how this pair can range for days!
So far monday morning open respected this level. Unfortunatly no orders in market, so not in this trade.
Looks like rising trendline ? 0.9760 would be a level broken to invalidate this, with 0.9720 more significant support.
Still like this trade idea, but it maybe a long time to trigger!