USDCAD - Short position...Potentially a multiday trade.
I'm in short, however, still waiting on several confirmations before I fully invest in this trade. This is a short-term trade that could develop into a long term trade. Much depends on the price action over the next couple of hours and current 4hr and Daily bar completions. Especially if current Daily bar ends up as a strong bearish (bull rejection), price could substantially drop. (See charts below)
The 1H pinbar formation was enough for me to at least enter the trade on a short-term basis & at this time, a small position.
My plan is to let price action determine how I will add to my position. The price action over the next couple of hours will determine the placement of my first TP. SL is set and fairly tight.
Short @ 1.3056; SL @ 1.3085
1M:
1W:
1D:
If current daily bar ends up strong bearish, price could substantially drop.
1H:
Nice pinbar formation
The 1H pinbar formation was enough for me to at least enter the trade on a short-term basis & at this time, a small position.
My plan is to let price action determine how I will add to my position. The price action over the next couple of hours will determine the placement of my first TP. SL is set and fairly tight.
Short @ 1.3056; SL @ 1.3085
1M:
1W:
1D:
If current daily bar ends up strong bearish, price could substantially drop.
1H:
Nice pinbar formation
Dagangan ditutup: hentian tercapai
SL reached.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.