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nick2497
Jul 22, 2021 6:21 PM

USDCAD Short (Daily) Short

U.S. Dollar/Canadian DollarFXCM

Description

Sharp bounce off t resistance area/boll band, looking to target next area of demand, possibly going down lower. First marked rectangle would be TP1, other marked rectangle TP2. Small remainder of the position can be kept as a trailing stop loss, too.

TRADING IDEA , NOT AN INVESTMENT OPPORTUNITY. TRADE AT YOUR OWN RISK!

Comment

EDIT: My drawing to illustrate price movement to key support/demand zones not showing up, but hopefully it is still clear.
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