davetromp
Short

Counter trend trade on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
FX:USDCAD            
USDCAD             hitting long time resistance forming a Hanging man . I entered short with a tight stop above the resistance area . If I am wrong, then I will be wrong quickly. Potential profit target is at 6R targeting the previous upswing.
And what is your strategy right now after BOC meeting? Are you expecting down trend?
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davetromp LukaszMosinski
I got stopped out, but I still expect retrace to the 21 ema
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Nice 1.. What is ur sl at 1.4665 ??
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davetromp FawadJawed
around 1.46697. This area has only been touched in 1998-2000! Let's see if it will still hold, else a small loss, but high potential gain. Good luck!
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FawadJawed davetromp
Thanks for the reply i think the same ! Good luck with the trade :-)
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