USDCAD bearish setup based on daily
Atualizado
My chart is clear:
1. short setup is based on daily timeframe. The wide area requires me to fine tune.
2. Trading time frame is 60m.
3. The setup requires dollar to be weak. Refer to my idea link below, dollar is likely sideways. So this might be against the short setup.
Trigger:
waiting for uptrend line being violated inside or near the yellow zone. If price go straight to penetrate the yellow zone, then buyers are in control. Forget about the short setup.
1. short setup is based on daily timeframe. The wide area requires me to fine tune.
2. Trading time frame is 60m.
3. The setup requires dollar to be weak. Refer to my idea link below, dollar is likely sideways. So this might be against the short setup.
Trigger:
waiting for uptrend line being violated inside or near the yellow zone. If price go straight to penetrate the yellow zone, then buyers are in control. Forget about the short setup.
Comentário
As planned, trigger part got triggered. My entry is 1.2750 w/t stop at 1.2785. Target is at least 1.5R above. plan you trade and trade your plan.Trade fechado: stop atingido
My trade got stopped out. however, here comes the important part. Take the reversal trade. Why? because the zone we picked is a key zone and the violation means the momentum to the upside is really strong. Just look for the pullback to long. It's a easy 1:3 trade that help us cover the loss and leave with a total 1:2 win.
plan your trade and trade your plan
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