USDCAD Long Idea

11 Kas 2021

After being stopped out yesterday due to the inflation news, my trade went straight to tp but anyways... The idea here is very simple, BOS, retest and confirmation. You could see this retest as a retracement towards the .786 if you draw the fibonacci, but as a matter of fact price is now over extended and gotta come down. I believe we have order blocks specifically in the retest area, but this doesn't prevent you from being stopped out