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FX618Analysis
Jan 19, 2023 6:14 PM

SWING TRADING: SHORT USDCAD. TARGET 1.33900 Short

U.S. Dollar/Canadian DollarFXCM

Description

TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.34650
STOP LOSS: 1.35370
TAKE PROFIT: 1.33900
RISK TO REWARD: 1:1

ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers

Trade active

Trade closed: target reached

Comments
WolfBladeTrading
Waiting for a drop as well.... next two 4hr candles should tell us!
JoeChampion
Brilliant mate!
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