Reasons for entry
-USDCAD has been booming hasn't retested that much just breaking and powering through
-Moving averages below price
-Rejected 1.273 Level a couple of times on smaller timeframes
-Strong buy signal from other traders strategies.
My doubts
-Price hasn't really corrected itself, not sure when this could happen.
Overall a pretty confident trade to take.
-USDCAD has been booming hasn't retested that much just breaking and powering through
-Moving averages below price
-Rejected 1.273 Level a couple of times on smaller timeframes
-Strong buy signal from other traders strategies.
My doubts
-Price hasn't really corrected itself, not sure when this could happen.
Overall a pretty confident trade to take.
Trade closed: stop reached
Held trade should let it go L
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.