Short

USDCAD SHORT POSITIONS

Updated

PRICE FROM 1.20684 Bulls have had the upper hand since 1 June 2021 with the closure favouring bullish movement . Though Bears have also represents there in inputed in printed in candlestick . LONG story short since this is short position at risk 1.39119 (0.80%) first TP 1.35103 (2.11%) Reward , second TP 1.29882 ( 5,89% ) reward , 3rd 1.20696 ( 12.55%) reward . Bear time

Trade active

Still holding , current trade on negative running trades hasn't reach stop . The next weeks outcome will decide the overall decision of price movement .

Trade active

I took the liberty to execute another re-entry position for a short positing on this reason that Im lowering my risk for a bigger reward . I still strongly consider sells to take the upper hand .

Note

I am currently considering 1.36923 to be a respective price level where price will attempt to trade through and fail in my speculation creating another entry level for a target

Trade active

Currently approaching first take profit

Note

Price reached First take profit and is currently respective the TP price level which is a strong monthly price level with previous technical representation candlestick formation and close , I am expecting sellers to give back the momentum to buyers giving us a high reward risk re-entry with the remaining positions to Target 2 And 3 .

Trade active

Patiently waiting for target 2 to reach though price movement is slow . weekly outcome to be bearish .

Trade active

Trade is 100+- pips away from second target

Mbusogoomed

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