USDCAD short scalp fired: UC with two trade plans
Updated
I am NOT a CAD student.
I do not follow the politics or fundamentals between US and Canada.
BUT, my support and resistance zones have given me good RR possibilities.
One trade a small scalp with very tight SL.
Possible second trade with higher RR ratio but will not take that one unless things look perfect.
Red Fib lines are from this one:
Grey zones are from my Fib Zone plot a few weeks ago:
I do not follow the politics or fundamentals between US and Canada.
BUT, my support and resistance zones have given me good RR possibilities.
One trade a small scalp with very tight SL.
Possible second trade with higher RR ratio but will not take that one unless things look perfect.
Red Fib lines are from this one:
Grey zones are from my Fib Zone plot a few weeks ago:
Note
There is also this Purple fib of the large impulse down.The purple 1.618 extension is a bit worrisome for a short, as it already bounced on it once.
Note
Jambed SL at BE on first position.if it survives London Open, I might open the second position for larger TP
Trade closed manually
Closed short, took my 20 pips for now, will take a look again in late in US session.
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