USD CAD H4
Sell 1.36
SL 1.36965 (Loss 71 Dollar)
TP 1.33735 (profit 169 Dollar)
Reason to sell:
1. Down trend.
2. Rising Wedge or Ascending Triangle
3. Inverted hammer & spinning top
4 Fibo 60 & 50 area
5. Stochastic close to overbought
6. US is being hit by lots of things from George Floyd Protest which almost close to a month now and Corona Virus.
Reason to doubt:
1. Pattern not breached only potential
2. No MACD Divergence.
3. I am unaware news form CAD.
I wish this pair to go higher so I can sell at a better price. Sell stop input to prevent myself from missing out the opportunity because the trend is clear down trend.
Risk to reward 1:2.
Trading journal is now available
www.tradingview.com/.../HappyTriggerTrader/
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell 1.36
SL 1.36965 (Loss 71 Dollar)
TP 1.33735 (profit 169 Dollar)
Reason to sell:
1. Down trend.
2. Rising Wedge or Ascending Triangle
3. Inverted hammer & spinning top
4 Fibo 60 & 50 area
5. Stochastic close to overbought
6. US is being hit by lots of things from George Floyd Protest which almost close to a month now and Corona Virus.
Reason to doubt:
1. Pattern not breached only potential
2. No MACD Divergence.
3. I am unaware news form CAD.
I wish this pair to go higher so I can sell at a better price. Sell stop input to prevent myself from missing out the opportunity because the trend is clear down trend.
Risk to reward 1:2.
Trading journal is now available
www.tradingview.com/.../HappyTriggerTrader/
Disclaimer on
Please use proper money management; may the Pips be with you :)