tartantrader
Short

Short entry USDCAD at 1.2593, SL 1.2657, TP 1.2412

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
32 views
2
32 0
The short was taken from the 5 minute chart at 0840, I waited for the close of the 0830 news candle which produced a big rejection 5 minute candle at 1.2690 mark. On closing this has produced a valid bullish rejection candle on the daily as well. My stop loss is based upon a 75% retrace of the low of the day, my take profit is based upon the next level of support at 1.24 handle. Lastly, I would consider a exit at the 20 ema or sooner based upon price action. As always, nothing is set in stone and all trades are managed as price action dictates.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out