Eyes on the support play

Watching USD/CAD this morning to see how it handles this recent inflection level.

Looking for price to make a clean support/resistance play before taking an entry.

Trade active:

Entry at 10:30am - 1.31392 fill

Comment:

Playing the 10:30am candle close as an either side break situation. If we break the low I'll reduce the position by 25% and if we break the high I'll move to a tighter stop.

Candle range is 1.31420 - 1.31342

Comment:

Trade reduced by 25%

Comment:

Trade reduced by 50%

Break lower invalidates the trade idea so scale out and will re-assess later.

Leaving 25% remaining.

Trade closed: stop reached:

Shame this didn't work out, but was a little imperfect on the sup/res hold so perhaps that should have caused more concern over the entry.