USDCAD Short Trade Setup
Updated
Hello traders.
I have placed 2 entry orders with the same stop-loss and without any target. The risk of the first order is 1% and it is 0.5% for the second one. The second orders entry price is 0.786 retracement of down move. I will remove one of them when the other becomes active. I'm taking short trades in USDCAD because of the daily structure. It looks like a pretty clear correction so far. There is still some room under trendline for bigger correction, buy in any case, I will take the trade, then I will move the stop-loss to breakeven then I will see the potential.
I have placed 2 entry orders with the same stop-loss and without any target. The risk of the first order is 1% and it is 0.5% for the second one. The second orders entry price is 0.786 retracement of down move. I will remove one of them when the other becomes active. I'm taking short trades in USDCAD because of the daily structure. It looks like a pretty clear correction so far. There is still some room under trendline for bigger correction, buy in any case, I will take the trade, then I will move the stop-loss to breakeven then I will see the potential.
Trade active
Second order cancelledNote
It's falling down. Nice... Let's wait for a correction to take another short trade.Note
I'm waiting for a correction to take another short trade.Trade closed: stop reached
It made exactly what I draw in the first chart. Now I'm expecting the next down impulse. I have published a new idea:
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