The setup:
- USDCAD has been rejected in the previous support zone for 2 H4 candles
- Price now showing some downward momentum
- Waiting for price to push a bit higher than place Sell Stop order to ride the downward momentum
Invalidation:
- If price spike up above the zone and retest find support above the structure, market has shifted from range to breakout.
Trade management:
- If trigger into the trade when price touch the breakeven line, need to move stop to break even
- Risk over reward!
- USDCAD has been rejected in the previous support zone for 2 H4 candles
- Price now showing some downward momentum
- Waiting for price to push a bit higher than place Sell Stop order to ride the downward momentum
Invalidation:
- If price spike up above the zone and retest find support above the structure, market has shifted from range to breakout.
Trade management:
- If trigger into the trade when price touch the breakeven line, need to move stop to break even
- Risk over reward!
Note
:( I am late... meeting after meeting... will set a limit order see how it goes.Note
Looking the last 3 H4 candles price seems holding strong. I would like to see it break out then retest to go long instead.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.