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Jiraiya_eth
Apr 1, 2021 7:23 AM

USDCAD, Short, 1:6 + available. Short

U.S. Dollar/Canadian DollarFXCM

Description

Good morning ladies & gents,

I'm looking to short USDCAD today.

After price traded up to a D1 Bearish Orderblock, we saw a rejection and a market structure breakdown.

Today price has come back to retest the H1 Bearish Orderblock after that big drop yesterday to induce sell stops, price has come up to raid the stop losses of any retail sellers.

Looking for a continuation short from this point

Initial target is seen below for a RR of 1:6.

Good luck

- AmplaFX

Comment

Clean shift

Comment

Stop has been shifted to Breakeven. Took a small partial.

Comment

Clean move down.

Let's see how price delivers going into NFP Friday.

Comment

Taken some partial profit. Stop has been moved to breakeven.

Let's see how today plays out.

Comment

TP hit after many days!

Sometimes it's not always a smooth ride.

RR 1:6

Risk: 1%
ROI: 6%
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