USDCAD - Price Action Buy
Updated
Based on my simple approach to price action, which doesn't include much drawing at all, I opened a LONG position on USDCAD. Target the last high.
As long as the previous HL (high low) stands the up-trend is intact. Despite a possible double top being formed I am sticking to my strategy. The chance risk ration is well balanced, so no reason not to give it a punt.
As long as the previous HL (high low) stands the up-trend is intact. Despite a possible double top being formed I am sticking to my strategy. The chance risk ration is well balanced, so no reason not to give it a punt.
Note
Stop adjusted to break-evenTrade closed manually
Gap is closed. Need funds to open another position. I am taking the profit!
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.