USDCAD Trade Idea
Updated
Price has reached the resistance level and printed a doji. Given how close this is to the complete high I am shorting NOW at market price 1.33655 for a good risk to reward ratio...
Enter @ market price 1.33655 with
Sl only 24 pips @ 1.33891 and
Tp lower down @ 50% fib retracement of the bullish move @ 1.32548 (109 pip target)
I am prepared to risk the 25 pips here for the 110 pips gain.
Don't bet the farm and always exercise good risk management :)
Enter @ market price 1.33655 with
Sl only 24 pips @ 1.33891 and
Tp lower down @ 50% fib retracement of the bullish move @ 1.32548 (109 pip target)
I am prepared to risk the 25 pips here for the 110 pips gain.
Don't bet the farm and always exercise good risk management :)
Trade closed: stop reached
Stopped out at -25 pips
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