USDCAD Short
USDCAD Short breakout trade.
1. Break of structure of double top at pullback from bearish trend
2. LL-LH-LL-LH
3. Strong Bearish Candle
4. Price below 2 MA's
5. 2% Risk, 4 x 0.5 % each trade
6. Different Stop Loss not to get stopped out
7. If the breakout does not continue -> possible reversal
8. Trailing stop loss with EMA (34)
9. A lot of important news for USD as possible trigger
10. Minimum R:R 1,8:1 Maximum 7:1
11. Close at strong reversal candle, if news for dollar make it strong, break of structure to the upside
12. Possible partial take profits after strong down move or at levels with reactions
- 1.36000
- 1.35500
13. PSAR entry sell signal
1. Break of structure of double top at pullback from bearish trend
2. LL-LH-LL-LH
3. Strong Bearish Candle
4. Price below 2 MA's
5. 2% Risk, 4 x 0.5 % each trade
6. Different Stop Loss not to get stopped out
7. If the breakout does not continue -> possible reversal
8. Trailing stop loss with EMA (34)
9. A lot of important news for USD as possible trigger
10. Minimum R:R 1,8:1 Maximum 7:1
11. Close at strong reversal candle, if news for dollar make it strong, break of structure to the upside
12. Possible partial take profits after strong down move or at levels with reactions
- 1.36000
- 1.35500
13. PSAR entry sell signal
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.
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.