USDCAD - Short potential on 50% fib retracement
The price hovers at 50% fib retracement of its initial down move where the rejection candles that was formed for 2 consecutive previous days signals a downtrend continuation possibility.
Trade plan:
1. Sell at market with stop above recent high or find a possible entry point at lower timeframe
2. Observe the price movement if your stop being triggered as the bias would be intact as long the price doesn't close above the recent high on the daily timeframe
3. Cut the profit after reaching the first target and let the remaining position run after placing your stop on at Breakeven or recent swing
"Losing is an inseparable part of trading. Do your risk calculation properly!!!"
Trade plan:
1. Sell at market with stop above recent high or find a possible entry point at lower timeframe
2. Observe the price movement if your stop being triggered as the bias would be intact as long the price doesn't close above the recent high on the daily timeframe
3. Cut the profit after reaching the first target and let the remaining position run after placing your stop on at Breakeven or recent swing
"Losing is an inseparable part of trading. Do your risk calculation properly!!!"
Adityan Mulia, M.T
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/centrillionproject
TradingView Indonesia
Email:
madityan@tradingview.com
Telegram channel
t.me/centrillionproject
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