USDCAD - Shorting strong supply level

FX:USDCAD   U.S. Dollar / Canadian Dollar
119 0 0
Limit sell order at 30min supply level (1.1171 - 1.1177) with stops above the next 4H supply level (1.1189 - 1.12094) and targets at next fresh demand on the 30min (1.10624 - 1.10749). Reasons for getting into this trade:

1) Strong departure from 30min supply level and it's fresh.
2) Price is close to daily supply and just between a cluster of two 4H supply levels.
3) Enough RR (risking 40 pips to gain 90) until next fresh demand on the 30min timeframe.
4) Great timing because the dollar index             is just inside a daily supply level , so this has a very high probability.

Good trading!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out