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Pipcoyote
Jan 28, 2019 11:08 PM

USD/CAD 1D Short Short

U.S. Dollar/Canadian DollarFXCM

Description

Bearish flag breakout and retest @ level 1.3280

Comment

After reached 2R (~70 pips in profit), I moved the SL to BE+2pips, this because in less than one hour (at 11am) there are two high important US news:
1) FOMC Statement
2) Federal Funds Rate
I tend to avoid news since they create volatility that can change the game from statistic to gambling.

Comment

After the news, I closed half of the position at 3R.
I am leaving the other half running until 1.300.

Trade active

Aiming to 1.3000

Trade closed manually

Closed at 3.2R the other half position.
I figured that 1.3140 could be the measured objective for this flag pattern.
I'll keep an eye in case of a retracement to enter short and reach the 1.3000 level.
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