Alex_BPTrader
Long

USDCAD - Bearish 2618

FX:USDCAD   U.S. Dollar/Canadian Dollar
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Today I want to share with you a trading opportunity that I'm currently involved in.
Last week market has put a 2618 bearish setup on 4H USDCAD             , but I didn't enter it simply because it was after my active trading period and I don't trade always 2618 base of 0.618.
I've entered right at previous structure shelf to the left.
Stops are above the Double Top and above the major structure level to the left. My target will be the retest of cycle low (a couple pips higher because it is an even handle number).
I got more than 1:2 Risk/Reward - I can take such R/R any day.

Entry @ 1.3190
Stop @ 1.3277
Initial Target 1 @ 1.3002

Good Luck!
-Alex
Professional Currency Trader & Mentor
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Hanu727
2 months ago
Hi Alex, I hope you're still short on UCAD.

It hasn't hit your SL yet.

Good luck
Reply
Alex_BPTrader Hanu727
2 months ago
Yes Hanu, I'm still in the market and price was several pips to my Stop Loss, now I'm in green territory.
Reply
lencanoot Alex_BPTrader
2 months ago
This trade isn't working out for me, sorry. I'm closing my trade.
Reply
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