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FX618Analysis
Jul 20, 2023 3:26 PM

DAY TRADING: SHORT USDCAD! TARGET 1.31170 Short

U.S. Dollar/Canadian DollarFXCM

Description

TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: 1H
ENTRY PRICE: 1.31800
STOP LOSS: 1.32070
TAKE PROFIT: 1.31170
RISK TO REWARD: >1:1

ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

Trade active

Trade closed: stop reached

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