USDCAD starting to make its move, creating new downtrend.
Updated
USDCAD playing out beautifully, price broke out of the wedge/triangle and retested the trendline. If we can get a daily close below the trendline, we'll enter the SELL position.
USDCAD SELL
Start: 1.33315
stop loss: 1.33482
take profit: 1.31156
USDCAD still just below the trendline, currently in some profits. Though, there's a good chance BUYS might come in play if the candlestick pushes above the trendline. The thing to monitor is the daily candlestick...red/bearish candlestick.
USDCAD SELL
Start: 1.33315
stop loss: 1.33482
take profit: 1.31156
USDCAD still just below the trendline, currently in some profits. Though, there's a good chance BUYS might come in play if the candlestick pushes above the trendline. The thing to monitor is the daily candlestick...red/bearish candlestick.
Order cancelled
I was asked why I didn't hold USDCAD...here's why.Price pushed up past our trendline and created a weird market structure which is why we opted out of this trade. It's better to take trades that looks good then to just follow what the rest of the USD or CAD moves. USDCAD did not look good so we didn't trade it. #qualityoverquantity
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