New trade on, short side

I have short biais on this pair since mid january.
bearish structure and the pair has reached a nice resistance area.
Many confluences and nice price action signal

I keep my trading simple, no indicator, only price action and fundamental analysis!
I trade major key levels with price action strategy.
Trades on 4h chart with 1.5R, no need to do more.

You can check my trades history on my myfxbook journal :
myfxbook.com/members/benjaminhay/am-personal-account/9901433

Note

I extended SL and TP, risk is still ok
Trader are just taking their profit, I will open a smaller short position maybe

Note

there is no reason this pair goes higher

Note

A rising wedge has formed, will it breakdown and break 1.4370 support ?
Tomorrow, Canada CPI and retail sales data will be released.
In my opinion, CAD should gain strength

Note

EUR is weakening on bad manufacturing PMI data

Trade closed manually

CAD data weren't good enough, i'm closing before it goes higher and hit my stop

benjaminhay

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.

benjaminhay