Hi guys, as our USDCAD has breaking our trend line and retracing at the trend line, we can go short from here, remember to put our stop at breakeven after it reach the daily trend line because we still dont know what is the direction of this graph, it is going to go down or making one more up move, remember this is very risky entry. If it suit your strategy, go for it and if not, lets wait for a flag.
Note
seem good, lets put our stop loss at our breakeven and wait if its breaking up the trendline or not. If u ask for my opinion, i would say it will breaking up because the movement to the downside quite fast but lets not jump into conclusion, just put the stop loss at our breakeven. TY.P/S: Trade with strategies, not with signal.
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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.