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