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alexburnett
Mar 21, 2019 3:51 PM

USDCAD short scalp Short

U.S. Dollar/Canadian DollarFXCM

Description

Breakout occurred which took the price past the regular resistance, price action slowing down with the slowdown of the trend on lower timeframes with a long wick and shorter body of the most recent bullish candlestick alongside a bearish RSI indicating that it is currently oversold. The trend may continue however I predict the trend to end and return to the regular level to around the 1.33439 level where I will set TP which is the typical resistance on the 4 and 1-hour timeframe.

Trade active

Shifted SL to 1.34060 Could also shift TP to 1.33361 if you want a greater reward

Trade closed manually

Sorry for no updates been away.personally I closed the position in politics on the 22nd before it became bullish
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