Short

USDCAD - Trade 2402

Updated

After the Fail Bo of the resistance area + some clues of rejection (Black Arrows) + If the price is unable to found demand around the most immediate Uptrend channel then I will enter short --- Target the 1.366 area

Trade active

Note

Note

Regarding to the the trade management in my personal trading style I like to take half of the position when the price reach the 1:1 R:R .... why?.... because if I do this I can remain with the other half position respecting the price structure and with a risk free trade going on

Note

The price have already achive the 1:1 R:R therefore 50% of the position is close and the other half it is going on.... lets see if we hit the take profit

Trade closed: target reached

Note

Now that the price has confirmed its intention to keep moving lower it time to keep looking for short opportunities

JaimePantoja

Related publications

USDCAD Trading View

by JaimePantoja

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