Hello everyone, last week was a very great weak for many majors.
For this idea I have a short on USD/CAD
After price broke past our zone at 1.31402 - 1.31361
I waited for a retracement back to the 50% or the 61.80%, got my confirmation and entered the trade.
Expecting price to hit our low at 1.30471 to make this trade a 3:1
We could possibly get multiple retracement wicks to the 50-61.8 level for more opportunities to ride this down.
Please share and discuss. Thank you
For this idea I have a short on USD/CAD
After price broke past our zone at 1.31402 - 1.31361
I waited for a retracement back to the 50% or the 61.80%, got my confirmation and entered the trade.
Expecting price to hit our low at 1.30471 to make this trade a 3:1
We could possibly get multiple retracement wicks to the 50-61.8 level for more opportunities to ride this down.
Please share and discuss. Thank you