USDCAD Analysis Future Short?
Hi Traders,
This is my first post so bear with me :)! In this pair on the daily chart I noticed a descending channel and using a pitchfork I found the ideal entry point for a short to gain significant pips.
This trade also maximizes your risk/reward potential with 1:3.63 ratio. If market opens and hits the entry point I will be taking a sell with other confirmations required. Such as clear signal on BBPT, as well as confirmation from the McGinley Dynamic. Happy Trading and using a trailing stop to secure profits is a good idea on multi day trade. I use half the ATR (for the most part)! But always go with what you see!
This is my first post so bear with me :)! In this pair on the daily chart I noticed a descending channel and using a pitchfork I found the ideal entry point for a short to gain significant pips.
This trade also maximizes your risk/reward potential with 1:3.63 ratio. If market opens and hits the entry point I will be taking a sell with other confirmations required. Such as clear signal on BBPT, as well as confirmation from the McGinley Dynamic. Happy Trading and using a trailing stop to secure profits is a good idea on multi day trade. I use half the ATR (for the most part)! But always go with what you see!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.