USDCAD, a 40-pips-risk inside day trade!
In terms of inside bar trade as a day trader, I don't usually trade inside day directly as it may have huge risk that I can only take a small position.
While of course, the larger the time frame, the more significant the breakout,
so I often wait for the breakout of an inside day and find intraday opportunities in line with the directions.
In this USDCAD inside day case, breaking to the upside means a trend continuation, and breaking to the downside can be taken as a confirmation entry of the resistance level.
Moreover, it's only 40 pips risk!
I think it's a worth taking trade, let's see how it goes!
--
Just created a recommendation link of TradingView (linked to live chart), welcome to click it as a like button lol.
tradingview.go2cloud.org/SH1RI
While of course, the larger the time frame, the more significant the breakout,
so I often wait for the breakout of an inside day and find intraday opportunities in line with the directions.
In this USDCAD inside day case, breaking to the upside means a trend continuation, and breaking to the downside can be taken as a confirmation entry of the resistance level.
Moreover, it's only 40 pips risk!
I think it's a worth taking trade, let's see how it goes!
--
Just created a recommendation link of TradingView (linked to live chart), welcome to click it as a like button lol.
tradingview.go2cloud.org/SH1RI
Comment:
stopped out~
