USDCAD SHORT
After a nice push down on USDCAD, it has come up to the retest area.
I like to call this the 1,2,3,4 strategy.
1.) Need some type of resistance
2 .) Need a break through of that resistance.
3.) Wait for a simply break and retest. In this case we were looking for a pin bar or double top.
4.) Short and stops above wick, targeting 2.5 RR
I like to call this the 1,2,3,4 strategy.
1.) Need some type of resistance
2 .) Need a break through of that resistance.
3.) Wait for a simply break and retest. In this case we were looking for a pin bar or double top.
4.) Short and stops above wick, targeting 2.5 RR
Trade closed manually
Moved stop to breakeven and then got stopped out.
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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.