- Monthly : Periscope breakout.
- Weekly + Daily : Triangle consolidation since Feb. Upside boundary is at 1.1166, being tested now (last traded 1.1171). If upside break confirmed, target is 1.1455. (The periscope objective is of course much higher).
- Trade : Has not been the easiest of trades given the choppy action within the triangle. But patience and sitting tight on properly sized long position about to pay off, I think. Now that we have a new scenario with a clear exit plan, the long trade should be easier - exit (or at least temporarily reduce) if breakout fails.
- Long standing buy stop-in at 1.1166 filled earlier. [+3x1.1100 & +1x1.1135 & +1x1.1166 = +5x1.1120 average].
5 comments:
Taken profit on half of position.
-1.1246
Rebuild long USD/CAD
+1.1177 (2X)
Canadian Jan retail sales +1.3% = about double expected = triggered USD/CAD sell-off.
Partial TP.
-1.1243
Bought back +1.1205
Squared all -1.1180. Finished for the month.
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