USDCAD Short -
Indecision on 1hr time frame as highlighted
Over Extended Rally
Rally close to Fib Level .382
Taking a medium short @134.210
Short order set at @ 134.355
TP 1.33928
TP2 1.33772
TP3 1.33693
TP4 1.33594
SL 1.34499
Indecision on 1hr time frame as highlighted
Over Extended Rally
Rally close to Fib Level .382
Taking a medium short @134.210
Short order set at @ 134.355
TP 1.33928
TP2 1.33772
TP3 1.33693
TP4 1.33594
SL 1.34499
Trade closed manually:
We have scalped this one loads over the past 24 hours however price doesnt have enough downward momentum.
However if price gets to 1.13475 area we may look to go short again as this is within a resistance zone (Price could easily reach that area within the next hour and CAD GDP figures are out at 1:30 today - the last 2 months the Actual figures have beaten the consensus forecasts, so this could well strengthen CAD)
It is speculative however, I will be using relatively small position sizing with a sensible SL
However if price gets to 1.13475 area we may look to go short again as this is within a resistance zone (Price could easily reach that area within the next hour and CAD GDP figures are out at 1:30 today - the last 2 months the Actual figures have beaten the consensus forecasts, so this could well strengthen CAD)
It is speculative however, I will be using relatively small position sizing with a sensible SL