USDCAD SOLD Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 8, 2015 2:40 AM

JUST WANT TO POST A TRADE I TOOK LAST NIGHT.
SOLD @ 1.2766.
W1 RESISTANCE

TARGETS AND STOPS ARE SHOWN.
IF STOPPED OUT @ BE, I WOULD ENTER SELL AGAIN NEAR 1.282
NO LOSS TRADE.

Comments

Andyle

⋅ Jul 8, 2015 7:12 AM

Nice plan. Thanks

P_Parker

⋅ Jul 8, 2015 1:53 PM

Hi, nice! Hope this one works out. My last Attempt to short at 1,258 wasnt successfull....
Now I am short again:

Reaching the strong daily/weekly Resistance was your only Reason to short? Fib Extension at 1,414? No Price Action?

Thanks
Parker

PriceActionTrading

⋅ Jul 8, 2015 2:07 PM

Yes nice observation. weekly resistance and 1414.
No price action. Purely a sell limit on previous resistance.