USDCAD SHORT SELL IDEA Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 5, 2020 6:06 PM

TP1 AND TP2 DONT MISS OUT
THIS IS A SHORT IDEA BUT I ALSO HAVE LONG SWING IDEAS ON USDCAD ON MY UK VERSION CHECK IT OUT.

Comments

Celestial_FX

⋅ Feb 5, 2020 6:12 PM

Looks decent. Whats SL on this?

MoSujjad

⋅ Feb 5, 2020 6:16 PM

@Celestial_FX, 42 PIPS SL, Its Been respescting the trend line above not breaking above it so just to be on safe Side, We will place Sl Slightly higher and the reason is when professional traders come into the market they tend to take us retail traders out and then place sell orders.

Celestial_FX

⋅ Feb 5, 2020 6:46 PM

@MoSujjad, makes sense tbh good luck with it

MoSujjad

⋅ Feb 5, 2020 9:27 PM

@Celestial_FX, Due to Nfp we might get taken out, may increase Sl or re enter after,
But it should Respect the market and follow trend :)