Fxprotrader
Short

USDCAD Sell Opportunity (Short Term Trade)

FX:USDCAD   U.S. Dollar / Canadian Dollar
673 13 27
Price is moving in a rising wedge pattern while looking in MACD we see a massive divergence. It looks like we will soon have the end of this upmove. Breaking below this wedge will signal a short setup.
i short it yesterday,in same price with same time , may i ask what target will you see?
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Fxprotrader BrennanHeart
I will personally aim for 1.27850. But the best way is to manage your trades. In 1:1 risk/reward you place your stop at breakeven.
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BrennanHeart Fxprotrader
i agree , but i will 1 risk 3~4 reward, how did u get the target price in 1.27850 may i ask,,,?
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Fxprotrader BrennanHeart
Based on structure.. But if for some reason you strongly believe that this downmove will end, take your profit or hedge to lock your profits.. I hope that helps..! Are you breakeven at the moment?
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BrennanHeart Fxprotrader
now.yeah,,,,,i still hesitated about the take profit price in this trade
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Fxprotrader BrennanHeart
Follow your plan and act as you wish.. The good thing is that this is a risk free trade as you are at BE.. :)
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BrennanHeart Fxprotrader
thx, the first take profits point i will choose 1.27437, is day bollinger middle line
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BrennanHeart Fxprotrader
i leave......
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Fxprotrader BrennanHeart
What do you mean? Do you exit?
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BrennanHeart Fxprotrader
i buy back now in 1.28715
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