USDCAD 4H SHORT TRADES

Price is moving between 50 sma and 100 sma

Price may rise back to 50 sma again before falls to 100 sma
Sell Limit @ 1.3567
Sell Limit TP - take 1/2 profit @ 1.3480
Let rest of trade ride

Price can currently fall to 100 sma and break below
Sell Stop @ 1.3480
1st Sell Stop TP @ 1.3427 - take 1/2 profit let rest ride
2nd TP close all trades @ 1.3364

SL placed above high
Adjust SL as price falls

Comment:

Price closed and held below 100 sma
Trade Entered

Comment:

Strong CAD pushed price bearish
Price hit 1st take profit took 1/2 trade off
Letting trade ride to 2nd bearish TP

Comment:

Both TP hit

Comment:

Possible Bearish Continuation TP points

Comment:

Possible Reversal point