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microfx
May 21, 2021 2:14 AM

SELL USDCAD? Short

U.S. Dollar/Canadian DollarFXCM

Description

SWING TRADING JOURNAL

Bearish invalidation still intact. So, I'm bearish for USDCAD and this is my plan

I will;
SELL USDCAD somewhere at Green Box (try to sell as high as possible)
SL ABOVE Red Line
Final TP at Blue Box

Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc

No Profit Guarantee, Good Luck!
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