USDCAD IDEA
Updated
- The price failed to make an aggressive impulse to the upside after breaking the channel
- the channel is still valid cause in the lower timeframe price made an impulse and corrected to the downside
- observe the 15m for entries and and use sell stops for entry
- don't forget to place stop loss in case the analysis in incorrect.
- may 13 2022
- the channel is still valid cause in the lower timeframe price made an impulse and corrected to the downside
- observe the 15m for entries and and use sell stops for entry
- don't forget to place stop loss in case the analysis in incorrect.
- may 13 2022
Trade active
- a small 15 minute channel is created and broken- entry is good here
- set the stop loss on break even when the trade reaches 1:1 rr to remove risk from this trade
May 14 2022
Trade closed manually
- the price movement isn't going according to plan manually closed the position for a lossNote
The trade loss me 3$ on my account - "Just keep moving forward you have a dream you want work for it"
Note
- The 15m time frame created a more define channel of a continuation channel - set a sell stop for this trade below the channel and set the stop loss above the channel to be safe
- DON'T FORGET TO SET THE STOP LOSS FOR FUCK SAKE DUDE.
- May 14 2022
Note
entered the trade last week ,but the trade resulted in a loss today because the price made a huge reversal
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