As expected, USD / CAD rebounded in price, thanks to the decline in oil prices. The movement coincided with the idea presented last June 25.
Plan:
Result:
So, congratulations to those who followed the strategy stated in the previous article: Trading idea for USD / CAD ! The pair was able to grow by as much 230 pips.
Considering this, bullish traders can now close 2/3 of long positions, and leave the rest up to the second target. The transactions can also be transferred into breakeven.
And as before, this plan is under the framework of Price Action and Stop Hunting strategies.
Good luck and have a nice trading day!