short usd cad risk reward 7 to 1 with tight stop
Updated
trying short at blue upper median line parallel (UMLH ) after
test w great separation (close away from line).
green LSB swing in play.
R-R is 7 to 1 if I get filled.
If i am right, new lows may be easy.
if not, maybe we top around 127.50 .
I usually wait for the larger swing ( orange) to make a ply. In this case the recent close off the blue line enticed me to make a move.
test w great separation (close away from line).
green LSB swing in play.
R-R is 7 to 1 if I get filled.
If i am right, new lows may be easy.
if not, maybe we top around 127.50 .
I usually wait for the larger swing ( orange) to make a ply. In this case the recent close off the blue line enticed me to make a move.
Trade active
short is filled nowTrade closed: stop reached
stopped out. maybe wait for a sign of weakness at the minor swing, like a prior bar low gets taken out and sell a pull back.
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