We had quite a roller coaster ride last week in the USDCAD with another rejection at 1.3320 and a push lower towards 1.30 soon after the announcement by the FED regarding the funds rate being held the same and postponing a rate hike. Technically the USDCAD has reached the top boundary of the Daily Ichimoku cloud support as shown in the chart below.
Trading2day subscribers have access to my exclusive for subscribers account @trading2dayFX where they saw in real time my tweet where I opened a long position.
USDCAD reached the Ichimoku cloud in the 4 hour chart as show below and we get some rejection signals. A rejection here could push price back towards the 38% or 61.8% Fibonacci retracement and that is why I took the decision to close my long position early today.
Position was closed at 1.3193. I will be looking to go long again if price pulls back towards the 61.8% Fibonacci retracement or if price manages to break above the blue downward sloping trend line resistance that was the cause for so many price rejections and bearish reversals.
In my exclusive for subscribers twitter accounts I post my analysis and all of my trades and orders placed. Both winners and losers are taken into account and below you can see my performance since mid August.
Performance pdf format.