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TevinW
Oct 19, 2018 9:58 AM

(SELL, 1HR) USDCAD Peak High of Week Reached Short

U.S. Dollar/Canadian DollarFXCM

Description

- peak low set on Tuesday
- peak high set on Thursday after stop hunt from previous high on the 0.236 fib level that happened on Wed
- m pattern on the high
- take the short to the 50 fibonacci retracement level
- risk/reward: 1:1

Comment

stop hunt to the high. trade still valid.

Trade closed manually

Resistance level turned into support. Out of trade.
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