Ten Likes / Comments / Dislikes and I will update the chart Let me know how you feel Intelligent disagreement is always welcome Good Luck - See you on the trading floors
#Crypto #BTC #cryptocurrency #forex #USDCAD
-Nix
Trade active
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Comment
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Protect some profits and adjust your SL
Trade active
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Stop Loss Shift
SL 1.30350 TP 1.2975
Comment
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If you are feeling gambly - you could set your stop loss at or around the neckline - I would NOT be overly surprised to see the price head back to it, bounce off of the previous neckline, and return bearish.
Personally i will take profits before then, and reanlyaze, however, a case could be made for the move i described above as well.
I think what we might be seeing here, and i mentioned this on a different chart - Was that last night the presidents comments regarding the FED caused some US dollar bear action. I think it is spring boarding that action back into reality with a mini bull run -
At the moment - i dont have a good explanation for why things are happening and I am currently not in any active trades on any pair.
MaikiaFX
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candle 4h close below 1.3040 we can sell ?
WillNixTrading
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@storeadiva, Hey Store, sorry for the late reply -
If you look above - I have been active in the trade for 16 hours - I hope you saw that and made the move.
I am currently still in this trade. I (hope) expect that we will consolidate for a bit in TZ 1 and head towards TZ2
I have shifted by SL to protect profits in the event of a turnaround. I will update my current position above.
Good luck and happy trading.
WillNixTrading
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@storeadiva, PM me or twitter me next time for a quicker response - hope the trade worked out for your.
MaikiaFX
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@willn12416, hello there , i was TP some at , so now i look the place to short again , but i saw 4h overbought , so what price i can short next ? thanks
have a good day
At the moment - i dont have a good explanation for why things are happening and I am currently not in any active trades on any pair.