USD CAD - Short - 3 : 1 Win vs Risk Trade idea
Updated
Hello all
I am looking to short USD with CAD this afternoon.
Sell stop below the last set of candles- with a slight gap below
Stop is above the previous high on the 7th March.
On the Monthly chart - January 2019 printed a large bearish engulfing candle, and price never lies.
I am expecting USD to become weaker in the coming weeks (against certain currencies) and months and it could start today.
If this trade does not work out and instead heads higher, I will wait until i see a reversal as overall I am bearish on the USD.
Thanks for reading
Duncan
I am looking to short USD with CAD this afternoon.
Sell stop below the last set of candles- with a slight gap below
Stop is above the previous high on the 7th March.
On the Monthly chart - January 2019 printed a large bearish engulfing candle, and price never lies.
I am expecting USD to become weaker in the coming weeks (against certain currencies) and months and it could start today.
If this trade does not work out and instead heads higher, I will wait until i see a reversal as overall I am bearish on the USD.
Thanks for reading
Duncan
Order cancelled
HI All - Sell stop not activated
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