Long USDCAD
Updated
Trade Active. Details on the chart
Given the technical picture , our entry was 25 pips below the the price which actually bottomed.
But we managed to get in at 1.29 and since then running this.. Till now, it seems that structure has been respected.
NAFTA deals, in my opinion, will be a blow out on a negative side to the CAD and thus this can go till 1.3450 before any retracement begins..
Alternatively, we have set a trailing stop of 100 pips on the pair currently our partial position is secured at 1.30. if in anycase, this heads north, I wont be waiting for 1.35 as it s a big psychological numbe rbut expecting a fake breakout till 1.3450 to exit. Anything price above 1.3380 will be a good exit point.. Else, will adjust a trailing stop till 1.3350 if this heads above that price..
Given the technical picture , our entry was 25 pips below the the price which actually bottomed.
But we managed to get in at 1.29 and since then running this.. Till now, it seems that structure has been respected.
NAFTA deals, in my opinion, will be a blow out on a negative side to the CAD and thus this can go till 1.3450 before any retracement begins..
Alternatively, we have set a trailing stop of 100 pips on the pair currently our partial position is secured at 1.30. if in anycase, this heads north, I wont be waiting for 1.35 as it s a big psychological numbe rbut expecting a fake breakout till 1.3450 to exit. Anything price above 1.3380 will be a good exit point.. Else, will adjust a trailing stop till 1.3350 if this heads above that price..
Note
Target reached
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.