AshirDanville
Short

Minor retracement ended

FX:USDCAD   U.S. Dollar / Canadian Dollar
54 views
4
54 0
Price action on the 1/4 hour chart broke through aggressive support at the 13460 area price is going back to the origin of the big break. Price action has also breached the Bollinger band showing upcoming weakness on the pair ( usdcad ). 2 entry points needs to be taken into account, 1 entry will be the conservative as you can set a short order at current price with a stop loss 25 points away. Giving the risk to reward 1.6 (rounded). The aggressive entry would be the trendline break close strategy were price action need to close below the trendline for a short order to be placed. but having this aggressive entry will decrease the risk/reward ratio.
Trade active: Moving stop loss to break even
Comment: Taken profit have a small position open
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out