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

2020年4月23日

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

2020年4月23日

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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.

2020年4月23日

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

2020年4月23日

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

2020年4月24日

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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.

2020年4月27日

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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

2020年4月29日

交易结束：到达止损

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