USDCAD: Tight stop short, low odds but big payout
Interesting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today.
I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance.
It's worth a try, if it works we can scale in on the position.
Good luck!
Ivan.
I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance.
It's worth a try, if it works we can scale in on the position.
Good luck!
Ivan.
Trade closed: target reached
Worked well, I booked profits too soon though.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.