080819-080819 usdcad PROFIT

USDCAD Daily

As you can see from the Daily, there hasn't been much of a trend in the daily for a long time now.

USDCAD hourly

As you can see from the USDCAD hourly, the previous downtrend was reversed and the retracement hit 423 percent. This is where we initiated the trade on confirmation of the breach.

As you can see, the trade was entered upon a clear breach. The SL was put on 0% and Tp was put near 261% and near the resistance zone. I took profit near this zone, before the ompletion of 261%. This was because, EURUSD trade was languishing at that time as you can see from the previous post.