I have opened a short position on USD/CAD. I believe it will be going lower and will consolidate to the weekly support level.
The pair has recently broken the 4HR trend line supporting it, and now looks to move lower.
At the moment the price has retraced slightly to a small resistance area however should be forced back downwards towards weekly support.
SL @ 1.35325
TP @ 1.33943
R/R @ 2.0
The pair has recently broken the 4HR trend line supporting it, and now looks to move lower.
At the moment the price has retraced slightly to a small resistance area however should be forced back downwards towards weekly support.
SL @ 1.35325
TP @ 1.33943
R/R @ 2.0
Comment:
Moved SL to breakeven, risk free trade.
Comment:
50% of target achieved.
Comment:
Moved SL to +25 pips, 80% target achieved.
Trade closed: target reached:
Target achieved. Price touched the weekly support level. A nice setup.