5/30/2016

Exited USD/CAD

This is a late follow-up post to my previous trade entry. I exited USD/CAD around 1.3140 for 600 pips profit. I noticed price action stalling right below 1.32 and exited slightly earlier than expected. While the past two days of price action indicate that it could continue higher from here, I am happy to close my trade for a good profit and move on.

Notice how we got a strong blast off after breaking out of the ending diagonal -- one of my favorite patterns.


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