Short

Short USD/CAD

Updated

We are going towards the orange line on the higher TF (Used as a reference point), and we will most likely make a small move up (to the entry area). It is crucial to compound the move downwards if in fact it does go where we want it to go.

There is a news event in 15 minutes, so my presumption is that it will hit my entry level.

Note

Entry level hit

Note

Adjusting SL as we make a move down, price is holding nicely so far.

Note

I will adjust SL - US market opening in 30 minutes we will see a bit more volatility. Currently up 20 pips.

Note

SL has been adjusted to break even, at this point any proper up move that fits the criteria will be compounded to the orange level (TP).

Armink

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