USDCAD Short - potential 10:1 Win vs Risk ratio
Updated
Hello all
Following on from the USDCAD Entry not triggering yesterday, I am now short USDCAD
I am looking for a 10:1 win vs risk ratio and will be looking to enter additional positions as it starts to cycle lower.
This is based on Monthly Bearish Engulfing candle printed in Jan 2019 and my expectation that the USD will start to weaken as we head into the rest of 2019.
I have left a decent gap above the most recent high to give the trade some room to move
Thanks for looking
Duncan
Following on from the USDCAD Entry not triggering yesterday, I am now short USDCAD
I am looking for a 10:1 win vs risk ratio and will be looking to enter additional positions as it starts to cycle lower.
This is based on Monthly Bearish Engulfing candle printed in Jan 2019 and my expectation that the USD will start to weaken as we head into the rest of 2019.
I have left a decent gap above the most recent high to give the trade some room to move
Thanks for looking
Duncan
Trade active
Trade still open, monitoring this as it is currently compressing in a triangle, it is making higher highs therefore potential to break to the upside. Stops moved just above latest swing high and risk reduced accordingly. I do expect this to go lower, however current price action suggests otherwise. - to be managed
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