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.

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
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