USDCAD [Short] (Late document
Short setup:
- Daily supply zone around 1.3447
- Over extend last couple of days
- Good outer Daily swing range top
Setup Entry#1
- Entry: 1.34475
- Stop: 1.34884
- TP1: 1.3405
- TP2: 1.33485
Setup Entry#2
- Entry: 1.34251
- Stop: 1.34657
- TP1: 1.33485 (same as Entry#2 TP2)
- TP2: 1.33280
I have already got Entry#1 TP1 done, to me is risk free trade now.
A while second setup to form when I retrace back to 1.34251 area.
- Daily supply zone around 1.3447
- Over extend last couple of days
- Good outer Daily swing range top
Setup Entry#1
- Entry: 1.34475
- Stop: 1.34884
- TP1: 1.3405
- TP2: 1.33485
Setup Entry#2
- Entry: 1.34251
- Stop: 1.34657
- TP1: 1.33485 (same as Entry#2 TP2)
- TP2: 1.33280
I have already got Entry#1 TP1 done, to me is risk free trade now.
A while second setup to form when I retrace back to 1.34251 area.
Note
TP2 done, there is not structure for Setup Entry#2 on the way down. Setup Entry#2 is not longer valid anymore.Another good winning trade!
Note
Actually missed the open gap this morning... otherwise will be a huge winner with Setup Entry#2 positions.Trade closed: target reached
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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.