Long
Try again long setup
Yesterday I had a rush into buying USDCAD, today by looking at the chart I think I want to give it another try.
Double lot size used given I've already made a loss and want a small risk to recover
It has reached to it's previous first line of support which is around 1.261 - 1.264 and now at the base of it to break it, at which point I expect it to bounce back up. (which it did seems like since I've already entered my order - but it's going down again...)
RISKY
SL: below 1.261, I set it at 1.2604
TP: recover 0.5 fb previous day price loss.
GL
Double lot size used given I've already made a loss and want a small risk to recover
It has reached to it's previous first line of support which is around 1.261 - 1.264 and now at the base of it to break it, at which point I expect it to bounce back up. (which it did seems like since I've already entered my order - but it's going down again...)
RISKY
SL: below 1.261, I set it at 1.2604
TP: recover 0.5 fb previous day price loss.
GL
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Related publications
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.