USDCAD Short: Waiting for the Drop

Dec 30, 2016

Hey traders! Waiting for this trendline to break and close. I think below the S/R zone is a strong indication of further downside The MA's may also add resistance between entry and stop. I only want to sell this from the 1.345 level. Otherwise, I will cancel the entry and wait it out. Cheers!

Dec 30, 2016

Trade active

Beautiful drop, trade is active

Jan 3, 2017

Trade closed manually

Breakeven level activated and stopped at +0 Pips

Jan 3, 2017

Trade active

Potential continued breakout to the downside. Entered again on a sell stop on the 15m timeframe, looking at levels on chart:

Jan 3, 2017

Trade closed manually

Exiting this trade at -34 Pips. Bias is still short, however. I will be looking for better R/R opportunities to re-enter, if at all. Cheers!