USDCAD 240, 2R+

USD looks to be continuing new downtrend ( DXY ). This pair also tends to make the pattern shown in the previous box a lot where it pulls up against the trend, then retraces the full amount. RSI is coming out of overbought and price is below 200MA. There could be some support at the supply zone around 1.30900 before continuing lower.

I do not have a TP (take-profit) on this one. Instead, I have a buy order at 2R to close half the position and take my capital back, then let the rest run in hopes the down trend will continue for a while. This is a strategy I'm using to let my winners run a lot further than I normally would.