USDCAD short 4hr rejection ROI = +4%
Im long term bullish on this pair but after it became over extended i was looking for a short.
Due to my bull bias I wasnt going to open a short position until I saw enough bearish confluence
USDCAD was on my watch list after the large bearish engulfing candle and broke the 4hr 50 ema
Decided to take the short after the 4hr 50 ema retest. opened the position live after the the break and close of the 5 min 50 ema.
Stop loss : Was 40 pips and was placed about the previous highs and above the pivots R1 level
Target : 80 pips , the 0.5 Fibonacci retracement level as well as the previous lows
Result : +4%
Due to my bull bias I wasnt going to open a short position until I saw enough bearish confluence
USDCAD was on my watch list after the large bearish engulfing candle and broke the 4hr 50 ema
Decided to take the short after the 4hr 50 ema retest. opened the position live after the the break and close of the 5 min 50 ema.
Stop loss : Was 40 pips and was placed about the previous highs and above the pivots R1 level
Target : 80 pips , the 0.5 Fibonacci retracement level as well as the previous lows
Result : +4%
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。