USDCAD 4H Short

٢٨ أغسطس ٢٠١٩Respecting the downtrend trendline. Broke the uptrend trendline and re-tested as resistance. 4 targets set on the way to to the final TP. Excellent reward : risk. Have a look at my previous USDCAD trade to get a bigger picture of what could happen.

Note: some analysis has been removed and changed for simplicity.

٢ سبتمبر ٢٠١٩

أغلقت الصفقة: تم الوصول لوقف الخسارة

SL hit

١٠ سبتمبر ٢٠١٩

تم فتح الصفقة

Re-entry on this pair has been taken (late update). The reason for this re-entry can be seen from my previous USDCAD long-term plan, where the price of 1.33800 had tested the top of the resistance zone before dropping as expected. The trade is currently running with two of the five targets already hit.

Entry: 1.33260

(Didn't have time to post another idea due to being on holiday)

١٠ سبتمبر ٢٠١٩

تعليق

That's the trade taken. Another nice position for sellers to get into as resistance has been rejected.