FX:USDCAD   U.S. Dollar / Canadian Dollar
Nothing too fancy today, just a nice and simple 2168 trade setup on the USDCAD             . I'm still short this pair on a higher timeframe trade, but wanted to share this since the potential risk reward (depending on your rules of course) is exceptional.
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Sad I didn't get in on this :(
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good call akil, nice trade, my SL was missed by few pip by that pin bar ;)
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Look left to see the 1.09031 and give your self a couple of pips on top of that.
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Thank you, good idea. In some minutes are PMI Data of CAD, i'm not shure about my Stop Loss :D
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Yeah, certainly have to watch CAD when news is released.
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How reliable are 2618 trades vs double bottoms, are they safer or just a different opportunity?
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Mazen_alhegili SoxKeepYouWarm
Nothing is safer that spotting SL at a good RR.
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Mazen_alhegili Mazen_alhegili
than*
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Akil_Stokes PRO Mazen_alhegili
Amen
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Akil_Stokes PRO SoxKeepYouWarm
A 2618 provides a little extra confirmation that there may be a reversal, mainly due to the fact that not only was price action rejected twice, but it then went on to break and close beyond structure. I hate using the word safer in these markets because...well...nothings really safe, but yes it's a safer opportunity and both a second opportunity to enter.
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