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U.S. Dollar / Canadian Dollar

USDCAD ... Short scenario

By JaimePantoja
Updated
Looking to participate in the underlying downtrend ...
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At this point the trade has gone in the expected direction, so now is important to follow the rules to manage the trade ... possible scenario ... make trailing stop based on the upper limit of the immediate trend channel
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Keep trailing
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Tight Stop around the 3:1 RR
Trade closed: target reached
Close + 3.44 RR
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Daily perspective ... see the behavior of the inside bars within the overall trend and how its use allows the trader to locate low risk entries

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actionprice

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