USDCAD: Tight stop short, low odds but big payout
Updated
Interesting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today.
I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance.
It's worth a try, if it works we can scale in on the position.
Good luck!
Ivan.
I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance.
It's worth a try, if it works we can scale in on the position.
Good luck!
Ivan.
Trade closed: target reached
Worked well, I booked profits too soon though.
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