I am eyeing to short USDCAD with right timing and right location
Because I am too lazy to write all SnR lines in the chart, I am just using a box to sell if price get into the box area, and my take profit target, around the box area.
Well I am looking to short if price gets into the red box, of course with good location inside the box and price must reach there in right timing, then I will short from there.
I will be looking to take profit if the price get into the green box below.
Technically, the market structure is more to uptrend, so I am looking to short here as a retracement for upside move in a bigger scale. My TP (green box) is based only a small timeframe structure, which I think new HL will be formed around the green box.
Hopefully price will get into at least half of the red box so I can reduce my SL. Max SL is at 1.3375.
Let's see how it goes later today or tomorrow.
Well I am looking to short if price gets into the red box, of course with good location inside the box and price must reach there in right timing, then I will short from there.
I will be looking to take profit if the price get into the green box below.
Technically, the market structure is more to uptrend, so I am looking to short here as a retracement for upside move in a bigger scale. My TP (green box) is based only a small timeframe structure, which I think new HL will be formed around the green box.
Hopefully price will get into at least half of the red box so I can reduce my SL. Max SL is at 1.3375.
Let's see how it goes later today or tomorrow.
ملاحظة
I am still not in the position, the price went slightly few pipettes at the right timing but I don't see any volume confirmation. Will try to see today how or I will ditch this setupتم حذف الأمر
I ditched this setup as the price doesn't behave like what I want last week.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.