JLJ002500
Short

USDCAD - Trade Journal

FX:USDCAD   U.S. Dollar/Canadian Dollar
83 3 4
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.

snapshot
Trade closed manually: Closed trade before TP. Took profits.
Is that RSI under the graph? I see a bullish divergence there.
Reply
Ambipath Ambipath
If you short it, I suggest putting a much more modest tp.
Reply
JLJ002500 Ambipath
Yes it is RSI, and your point is very valid. I mentioned the bullish divergence in my comments. Price action around supports will be important to watch. There is a high probability I'll be out of this trade well before the TP on the chart.

Thanks for your comments.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out