USDCAD Short term Buy Move

As per the Chart


Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom







My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-

Comment:

This trade setup is a bit risky. So please be careful with entry and exit points. I would wait for some breakout from the steep Downtrend line. Keep your stop loss tight as per your risk.
As it's counter trend, getting out on quick profit would also be a good idea.

Trade active

Comment:

Moving stop loss to breakeven, taking partial profits and letting remaining trade trail.

Trade closed: target reached