glennmercer

USDCAD Short: Waiting for the Drop

Short
glennmercer Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey traders! Waiting for this trendline to break and close. I think below the S/R zone is a strong indication of further downside The MA's may also add resistance between entry and stop. I only want to sell this from the 1.345 level. Otherwise, I will cancel the entry and wait it out. Cheers!
Trade active:
Beautiful drop, trade is active
Trade closed manually:
Breakeven level activated and stopped at +0 Pips
Trade active:
Potential continued breakout to the downside. Entered again on a sell stop on the 15m timeframe, looking at levels on chart:
Trade closed manually:
Exiting this trade at -34 Pips. Bias is still short, however. I will be looking for better R/R opportunities to re-enter, if at all. Cheers!

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