IFC Markets Forex Broker

Retrospective of Technical Analysis USDCAD From 2017-06-29

Accelerating economic recovery is bullish for Canadian dollar

Sell stop1,3146
Take profit1,2496
Return on Investment +5%
Overview date2017-06-29
Date of the closing position2017-08-01

The chart shows the real change of quotations after the publication of technical analysis on 2017-06-29. The pending order from this analysis was executed and the position was opened. Next, we shall move the stop to the next fractal low following the Bollinger Bands and Parabolic SAR signals at the 4-hour charts. Thus, we are changing the potential profit/loss to the breakeven point. The position shall be closed when the price meets the Bollinger bands, the Parabolic SAR, the trend line and the fractal indicator.

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