Short term Buy for USDCAD
Reason for Entry (RRR) :
Counter trend trade, W forming @ 4H Support, Price hasn't retraced from previous BOS, USOIL fell, 1H hasn't closed past previous structure created (R/R Twin Trade 1:2, 1:3)
Outcome :
Feelings going into trade :
I don't usually take counter trend trades but because of USOIL hitting my SL on previous trade, it gave me inclination to look at USDCAD and saw this setting up. Still confident in analysis and will extract what I can if price goes in intended direction.
Feelings after trade :
Counter trend trade, W forming @ 4H Support, Price hasn't retraced from previous BOS, USOIL fell, 1H hasn't closed past previous structure created (R/R Twin Trade 1:2, 1:3)
Outcome :
Feelings going into trade :
I don't usually take counter trend trades but because of USOIL hitting my SL on previous trade, it gave me inclination to look at USDCAD and saw this setting up. Still confident in analysis and will extract what I can if price goes in intended direction.
Feelings after trade :
Order cancelled:
Pulled out mid-way before SL.
