USD/CAD SHort Idea
Updated
We are in a down trend clearly since 1 year almost ...we took liquidity below last swing point ..now i would love to see a push to the upside in direction of last flip + demand zone ..we are also in line with falling trendline which could act as resistance as well ..we will see ...
what is the plan ?
i look for ltf entry to get into a long trade with a target at demand + flip zone ...if something presents itself
in case we hit the zones above i look for ltf entry pattern to get in a short with great profit potential and great RR ..
if u wanna swing it with not much effort you can set a short pending at the demand level ive drawn for a 14:1 RR target at last daily swing point...i would cleary advice to take some off the table when we hit the current low again and let rest position run .... be aware its just my opinion and view and no financial advise ! you are the executer..i just here to inspire
keep you poted about the development..
check out my latest ideas and have a great weekend all
cheers
Trueman23
what is the plan ?
i look for ltf entry to get into a long trade with a target at demand + flip zone ...if something presents itself
in case we hit the zones above i look for ltf entry pattern to get in a short with great profit potential and great RR ..
if u wanna swing it with not much effort you can set a short pending at the demand level ive drawn for a 14:1 RR target at last daily swing point...i would cleary advice to take some off the table when we hit the current low again and let rest position run .... be aware its just my opinion and view and no financial advise ! you are the executer..i just here to inspire
keep you poted about the development..
check out my latest ideas and have a great weekend all
cheers
Trueman23
Note
just an example of how you could already take advantage of the liquidity hunt below the h4 low in ltf ...this is 1minute and some QM mark up be inspired !!!
Note
looks like we get started to move to the premium price area to sell from ... lets wait and see if we can get there today or wednesday in order to get in a short for a thrusday and friday ride ...were you able to find some ltf long entrys...?! ;-)
Note
for now it looks like the set up needs some more time.... keep the orders in place for the time we come back here.... no entry was given for a short this weekNote
maybe next week we will see our entry get triggered.... i will prepare another swing idea for next week with this trade here we have 2 opportunitys for you swingers out thereNote
be prepared for a potential entry soonTrade active
Manual entry time as we approaching our zone of interest....for sure waiting for the order trigger is still an option for better price ...Note
Trade closed: stop reached
sl was touched ... trade failed
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