USDCAD Short Zone Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Sep 13, 2016 4:00 PM

USDCAD has reached the top of the range from the previous couple of months, "buy low, sell high" principle now applies.

Looking for a short in this structure zone that contains a fib inversion and a fib extension confluence.

Trade active

⋅ Sep 13, 2016 8:45 PM

Short at 1.3185

Trade closed: stop reached

⋅ Sep 16, 2016 6:12 PM

Was not able to adjust my stop loss on this position.

Comment

⋅ Sep 16, 2016 6:12 PM

Also, I despise this pair.

Comments

4xtrader327

⋅ Sep 16, 2016 6:18 PM

i appreciate your honesty only because i can relate to that same feeling at times.

NickofJupiter

⋅ Sep 16, 2016 6:20 PM

This might be the only pair I trade which I might have never have had a winning trade on haha. Dont even know why I bother anymore.

4xtrader327

⋅ Sep 16, 2016 6:23 PM

nevertheless, i always look forward to your insight and straight forwardness regarding your views on the charts. very useful in formulated my own plan of attack. thanks!

NickofJupiter

⋅ Sep 18, 2016 7:33 PM

no problem! comments like these are the reason I do this! thank you !