USDCAD LONG

18 במרץ 2019

USDCAD long, rejected nicely off the neckline of the larger time frame H and S pattern and the 0.50 retracement. We saw a break of trendline and a higher high on the hourly chart, with a retracement back to my demand zone which has nice confluence with the 0.786 fib. I entered on the 30m bullish engulfing, and I have place my stop loss an ATR below the lows and will be targeting a retest of the highs at 1.34600.