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

Daily asceding trend line broken, retest of weekly resistance then push down to weekly support.
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.



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

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

oh well, shake it off, on to the next one.

Comments

Overall the big push is north in a massive channel. Price could certainly head south.


I'm long starting on 6H

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

J
Reply
Captain_Walker EclipseTradingSolutions
@EclipseTradingSolutions, 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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out