We have just gone short on USDCAD after seeing an engulfing candle on the 4hour as well as confirmation on the bollinger bands. As you can see our STOP is right above the upper band and will be looking forward to seeing price go downward as well as pick up some momentum.USDCAD
We are also keeping track of USDCHF as the setup is the same except that the cushion isn't that great for it.
Comment
⋅
Well, the USD and CAD news release didn't help the trade and hit SL; but that's alright all according to the trade plan.