JimMakos
Short

Went short on USDCAD for 20 pips before weekend

FX:USDCAD   U.S. Dollar / Canadian Dollar
If the resistance holds and is confirmed like before this week, there may be enough time to make 20 pips out of this trade. Using a tight stop loss, as there isn't significant news till Friday's close.

Comments

Well, lose some, win some. Enjoy your weekend.
+1 Reply
najibmulik JimMakos
Dear Sir! how long hv you been in forex?
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JimMakos najibmulik
Must be more than 4 years.
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good analysis but i bought UC on a h4 basis, found bull harami pattern there with rr 1:2 potential.. but that is me :)
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JimMakos supercharged_fxd0
So, you are betting on a reversal, aren't you? I'm more of a trend-following trader. Good luck!

I guess if your trade proves correct, you can hit a much more generous 1:2 RR ratio. May I suggest you trade out 80% of your position, so that you catch a bigger movement?
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no i do not scale out in any way, that is not part of my plan is i do not see any benefit in it. i will trade with or against trend but here i did not see a reason to go with the previous trend. win or lose, we never know :) gl!
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