Idea: Still trying to find the USDCAD floor to establish a decent retrace bounce off the 4HR over sold. The retracement high at 1.35976 is just as important to return back into the weekly over sold trend after this leg up.
Pros: Perfecting the entry will maximize the profits from the previous leg down.
Cons: The position is not as close to the stop as I would like. Catching knives is tricky ;)
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk
Pros: Perfecting the entry will maximize the profits from the previous leg down.
Cons: The position is not as close to the stop as I would like. Catching knives is tricky ;)
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk
Comment:
Weekly low 1.30899