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.
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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SoxKeepYouWarm
2 years ago
How reliable are 2618 trades vs double bottoms, are they safer or just a different opportunity?
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Mazen_alhegili SoxKeepYouWarm
2 years ago
Nothing is safer that spotting SL at a good RR.
+1 Reply
Mazen_alhegili Mazen_alhegili
2 years ago
than*
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Akil_Stokes TOP Mazen_alhegili
2 years ago
Amen
Reply
Akil_Stokes TOP SoxKeepYouWarm
2 years ago
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.
+1 Reply
Mazen_alhegili Akil_Stokes
2 years ago
Agreed, Risk and control this is the market for me.
Reply
Scu_FX
2 years ago
Thank you, good idea. In some minutes are PMI Data of CAD, i'm not shure about my Stop Loss :D
+1 Reply
Akil_Stokes TOP Scu_FX
2 years ago
Yeah, certainly have to watch CAD when news is released.
Reply
blairday PRO
2 years ago
Look left to see the 1.09031 and give your self a couple of pips on top of that.
Reply
Jurij
2 years ago
good call akil, nice trade, my SL was missed by few pip by that pin bar ;)
Reply
SoxKeepYouWarm
2 years ago
Sad I didn't get in on this :(
Reply
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