USDCAD potential Short on the Daily

14 août 2018

The USD has had some movement and against the CAD has provided two cycles of cyclicity and good price action setup to enter in a short position. Im entering if a new low is created on the daily charts and have my stop positioned above the 8hr indecision bar. For this trade I am looking for a 1:1.7 trade.

14 août 2018

Transaction en cours

15 août 2018

Note

Trade moved nicely intro the profit area and has gone almost to a 1:1 position. I am moving my stop to break even removing all risk and allowing the trade to continue.

16 août 2018

Trade fermée manuellement

This trade moved back up and took out my break even stop. So no winning trade here but no loss either and that's what its all about. Preserve that capital.