FX:USDCAD   U.S. Dollar / Canadian Dollar
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4
116 3
Pair: FX:USDCAD
Position: Short

Daily asceding trend line broken, retest of weekly resistance then push down to weekly support.
Nov 19
Comment: Price has not retested daily ascending tend line and respected (Just about) the 38.2. waiting for price to close on the 4HR BELOW weekly resistance to provide valid entry.



Nov 19
Comment: daily rejection of trend line, should this complete then trade will be placed.

Nov 19
Trade active
Nov 20
Trade closed manually: That did not go to plan!

oh well, shake it off, on to the next one.
Overall the big push is north in a massive channel. Price could certainly head south.


I'm long starting on 6H

Reply
JonMc4 Captain_Walker
@Captain_Walker, Great idea, i guess really both are possible, the market will decide lol, hope all goes well your end.

J
Reply
@JonMc4, Yeah.. we estimate probabilities from whichever perspective. The market is always there to prove us wrong. The extent to which we are wrong is within our control, and that's the real 'name of the game'.
Reply
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