Short and limited order placed.
Bullish divergences and USDCAD is looking prime to bottom soon, but i believe we at least have one more move lower or at least test recent low.
My last USDCAD short was 3/15. ATR was low, but spiked after placing the trade. My SL was hit and I missed the move & profits as a result. ATR is once again low, but my SL is not as tight in anticipation of it increasing again.
Bullish divergences and USDCAD is looking prime to bottom soon, but i believe we at least have one more move lower or at least test recent low.
My last USDCAD short was 3/15. ATR was low, but spiked after placing the trade. My SL was hit and I missed the move & profits as a result. ATR is once again low, but my SL is not as tight in anticipation of it increasing again.
Trade closed manually:
Closed trade before TP. Took profits.
