{quote} Update {image}
If the long above will recover, then this is the entry I would like : {image}
{quote} Completely agree. I'm locked and loaded... I'm still holding about 6 mini lots now at an average of 1.3866 -- a close above 1.4000 today would be awesome, and I expect at least another 200 pips move relatively quickly. I'll have to decide then if I'll take profits and look for a pullback or just keep holding, but really liking the overall setup.
{quote} I think there's always bull cases and bear casea, but technically USDCAD is facing some serious selling now that we haven't seen in the past two month, just look at the down engulfing candles on the H4 chart I attached, and this selling is against a significant round number(RN) 1.4000, which makes this price action even more significant. I think there's a case for a correction towards 1.35 for a 61.8% retracement of the movement since November. If we see some fundamental supporting the run, then we might be moving back to 1.2850 or below....
(attached picture)
{quote} it seems your going to close your position before your holiday geppy
{quote} Hey blue! There's nothing like getting paid to sleep :-) All of my position came off last night at 1.4065 and I was happy to book the nearly 200 pips profit on the 6.5 minis. Cha-ching! And yes, it's nice to bank some before my holiday, but I'm already stalking my next entry per my post yesterday. I'll be watching price action today to start initiating new long entries and will hopefully get a blog post up later too.
{quote} Hey dude, glad to see you back about on here. This pair has been delivering well
{quote} Update : Scalpers should exit now and those who want maintain their position for trailing stop should move the SL as below : {image}
