U.S. Dollar / Canadian Dollar
Long
Updated

Weekly Support Re-test Buy

59
I waited for price to drop down into the weekly retest level before taking a buy. My idea is, since price always fills a level that it breaks out from, i'm looking to bank on the same pattern repeating it's self. I might get stopped out since it's NFP week and things tend to get crazy at times. If this happens, i've set another pending buy limit order around my H4 support level that needs a retest. I've used proper Risk management so i am good with whatever outcome.
Trade closed: stop reached
Got stopped out, looks like i entered too early. My sights are set on the next zone 1.34400

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.