Short opportunity in USDCAD
Updated
Hi Traders,
found sell opportunity in USDCAD to perform the basic strategy of fibonacci that is entry at 0.618 fib and exit at 1.27 fib with risk and reward 1:2 as usual for this trategy.
In the last analysis i stated that i want to short USDCAD.so this time maybe a good time to add more position if the price make small correction to 0.618 retracement.
So Good Luck and Trede Wisely
found sell opportunity in USDCAD to perform the basic strategy of fibonacci that is entry at 0.618 fib and exit at 1.27 fib with risk and reward 1:2 as usual for this trategy.
In the last analysis i stated that i want to short USDCAD.so this time maybe a good time to add more position if the price make small correction to 0.618 retracement.
So Good Luck and Trede Wisely
Note
My plan was correct about selling this pair but it is really unfortunate that my entry point is at 0.618 fib and a bit higher so my order did not get hit and the price already went down.I'm out of this idea since it is already went down.
A good trade for the one that able to catch this trade.
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