USDCAD H1 SHORT AT D1 SZ with CFM Entry
Yet another short attempt following a deeper penetration into H1 supply
Trade closed: stop reached:
Trade closed for -1R.
On hindsight, whilst there was a break in the momentum, The supply that caused the momentum to be removed and the opposing demand zone was not of quality. Furthermore, it seems that the first return following the break of the MTL (red arrow) was one that should have warranted additional caution for the short.
On hindsight, whilst there was a break in the momentum, The supply that caused the momentum to be removed and the opposing demand zone was not of quality. Furthermore, it seems that the first return following the break of the MTL (red arrow) was one that should have warranted additional caution for the short.