USD/CAD – Wait For A long On Pullback

Randy BalcomTrades

Update: 1/20/2017 We got the pullback!

On the 20th, the daily bar pulled back to the bottom of our long Dynamic Zone. The entry was at 1.32478. Stop at 1.30030 and Target is at 1.35600

Our next higher time frame (the weekly) is in congestion, so keep a tight trailing stop on this trade.