Beating Alpha

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New pending order set on USDCAD

Expiration set on Friday at 17:00. Targetting 1.0576 with SL set at 1.0399. 50MA broken on hourly basis with slower price action. Target around 200MA but more importantly on previous resistance. Double bottom now currently above neckline. Locking down the profit after reaching about 45pips due to potential threat from resistance in my way to the target. 45pips is also the distance from neckline to the bottom of double bottom. For fundamentals ahead on this pair see picture.

UPDATE: I have exited below 50MA at 1.0450 with -37pips. I have changed my initial S/L because of the price action in the opposite direction.

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