Dear traders,
Here is a new SHORT signal on USDCAD :
Entry : 1.26773
SL : 1.29309
TP1 : 1.25886
TP2 : 1.24966
TP3 : 1.2384
Reasons for this long : We made a few hundred bucks on previous long, but now I'm seeing bearish movement to continue for several days. Of course this pair can (and surely will at some point) skyrocket to the north, but my rules are unbendable so I closed my long and I'm opening this short. PA has broken PAC and TMS is looking good (under MB and RSI50 with clean cut). However if price drop too fast and get out BB this could lead to a false breakout. Let's see.
Trade with your own diligence,
GL HF
Here is a new SHORT signal on USDCAD :
Entry : 1.26773
SL : 1.29309
TP1 : 1.25886
TP2 : 1.24966
TP3 : 1.2384
Reasons for this long : We made a few hundred bucks on previous long, but now I'm seeing bearish movement to continue for several days. Of course this pair can (and surely will at some point) skyrocket to the north, but my rules are unbendable so I closed my long and I'm opening this short. PA has broken PAC and TMS is looking good (under MB and RSI50 with clean cut). However if price drop too fast and get out BB this could lead to a false breakout. Let's see.
Trade with your own diligence,
GL HF
Comment:
25% closed@TP1. Don't touch SL yet.
Comment:
25% closed@TP2. SL@BE.
Comment:
25% closed@TP3. Final TP@1.224. SL@1.258.
Nice drop.
Nice drop.
Trade closed manually:
SL@1.258 hit! Trade close.
Looks like I have been trapped by false breakout. Overall I'm bearish on this pair, so as long as fast RSI does not break MA, we still have a probability.