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USD/CAD Return To Highs (Pot Hedge Zone)
U.S. Dollar / Canadian Dollar
USD/CAD Return To Highs (Pot Hedge Zone)
By WillSebastian
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Updated
Nov 25, 2024
4
Nov 19, 2024
Areas like this are ideal if you are looking to protect former shorts that are out of the money.
It may be the case that as USDCAD climbs above highs there is a series of reliable long side movement to take advantage of.
This allows you to hold and execute exits on any former shorts reliably.
Looking long at mentioned areas to protect shorts.
Nov 20, 2024
Trade active
Exit for +50 pips.
Nov 25, 2024
Trade closed: target reached
Multiple hedges taken.
Nov 26, 2024
Note
Out for another set of hedge gains.
Chart Patterns
Technical Indicators
Trend Analysis
WillSebastian
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