UC counter trading, risky stuff Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Nov 28, 2022 4:02 AM

This is a counter trade and it's risky. The overall trend is bullish, but I believe
it's a pullback that hasn't finished yet, therefore it needs to go down before it can go up to make new highs.

Don't do this at home

Trade closed: stop reached

⋅ Nov 28, 2022 10:11 PM

Comments

TheFxAce

⋅ Nov 28, 2022 5:07 AM

how low do you think it will go?

toughael

⋅ Nov 28, 2022 1:12 PM

@TheFxAce, I think it'll break 1.3300. Below that I'll be looking into buying it

ProSignalsFx

⋅ Nov 29, 2022 4:07 AM

Good thinking, pal!

TopTradingSignals

⋅ Nov 29, 2022 3:48 AM

Great post pal!

UnitedSignals

⋅ Nov 28, 2022 4:12 PM

I have the same opinion…

JoeChampion

⋅ Nov 28, 2022 2:55 PM

I agree on USD weakness over commodities, thanks!

clarkegilbert

⋅ Nov 28, 2022 6:56 AM

same analysis but risky trade there, I love going with the trend so I would wait

toughael

⋅ Nov 28, 2022 1:14 PM

@clarkegilbert, I'll wait for it to be around 1.3300 to go long and join the trend