Continuation downwards after retest
Trade active
Comment:
I have continued to short this pair on it’s way down, I have a few positions which I will now make risk free.
The first position is currently approx +70pips in profit. I will move SL to lock in 30pips.
I believe there will be further opportunities to short this in the coming week.
Happy weekend !!
I have continued to short this pair on it’s way down, I have a few positions which I will now make risk free.
The first position is currently approx +70pips in profit. I will move SL to lock in 30pips.
I believe there will be further opportunities to short this in the coming week.
Happy weekend !!
Comment:
-The price pulled back to the 4H 61.8% fib level, danced around there for some time and started to fall again.
-There was a bearish divergence on the 1H and smaller time frames during the pullback, hence why I didn’t close any of the positions.
-This pullback would have presented opportunities to enter this pair short.
-The price pulled back to the 4H 61.8% fib level, danced around there for some time and started to fall again.
-There was a bearish divergence on the 1H and smaller time frames during the pullback, hence why I didn’t close any of the positions.
-This pullback would have presented opportunities to enter this pair short.
Comment:
The pair was unable to rise beyond the 61.8%fib level. There is a perfect head and shoulders forming on the 1H/4HR this will be a be a good opportunity to enter a position short of you missed the head.
The pair was unable to rise beyond the 61.8%fib level. There is a perfect head and shoulders forming on the 1H/4HR this will be a be a good opportunity to enter a position short of you missed the head.
Comment:
I have many nicely placed positions, I have sold since mid-June. I have locked in some profit on some of them and the rest are risk free!
I would be happy to take profit right here, close to 0.69100, since the first position is approx 90pips in profit. Ultimately I am looking for the pair to close below this price for a longer term sell to TP2 0.68066 or TP3 0.66624.
Let’s see what happens early next week !!
Happy weekend:)
I have many nicely placed positions, I have sold since mid-June. I have locked in some profit on some of them and the rest are risk free!
I would be happy to take profit right here, close to 0.69100, since the first position is approx 90pips in profit. Ultimately I am looking for the pair to close below this price for a longer term sell to TP2 0.68066 or TP3 0.66624.
Let’s see what happens early next week !!
Happy weekend:)
Comment:
This break below 0.69100 is very encouraging, perhaps we may enjoy a long term sell afterwords ... yipeee
This break below 0.69100 is very encouraging, perhaps we may enjoy a long term sell afterwords ... yipeee
Trade closed: target reached:
All my positions were stopped out. I had 10 positions with the best closing +88pips in profit. I have taken approx +350pips profit total on this trade. Two positions were stopped out with 0 prof/loss.
The BoC rate release this afternoon caused the CAD currency to rise very quickly. I use the FX CALENDAR app to keep track of key news events that may affect intraday prices and always try to manage my risk taking those into account.
The rapid movement in this pair indicates It may just be a short term rise. I will be keeping an eye on the pair, looking for opportunities to enter short if the opportunity arises again.
Happy day !
All my positions were stopped out. I had 10 positions with the best closing +88pips in profit. I have taken approx +350pips profit total on this trade. Two positions were stopped out with 0 prof/loss.
The BoC rate release this afternoon caused the CAD currency to rise very quickly. I use the FX CALENDAR app to keep track of key news events that may affect intraday prices and always try to manage my risk taking those into account.
The rapid movement in this pair indicates It may just be a short term rise. I will be keeping an eye on the pair, looking for opportunities to enter short if the opportunity arises again.
Happy day !
Comment:
I couldn’t help enter a short position on this pair after the rapid movement, yesterday. Due to rate release. I’m selling and making risk free as it falls. Maybe we might see the break below .69100 as I anticipated!!
I couldn’t help enter a short position on this pair after the rapid movement, yesterday. Due to rate release. I’m selling and making risk free as it falls. Maybe we might see the break below .69100 as I anticipated!!
Trade closed: target reached:
Just closed another 14 positions on this. I was selling and making risk free as it was falling. I suspected it would fall all the way back down, since the movement upwards on Wednesday was so rapid. This was the perfect opportunity to grab these pips !!
Best position took +77pips... all positions total +681pips on this send trade ... yipeee
Happy weekend :)
Just closed another 14 positions on this. I was selling and making risk free as it was falling. I suspected it would fall all the way back down, since the movement upwards on Wednesday was so rapid. This was the perfect opportunity to grab these pips !!
Best position took +77pips... all positions total +681pips on this send trade ... yipeee
Happy weekend :)
I think CADCHF has decided to rejoin the world? :)