BenWright21
Short

Possible USD/CAD Short Position!!

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


SMP Strategy

Chart time frame - H4
Timeframe - 1-2 Days
A – Activating Event
Market will meet resistance in zone @ 1.33 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.324
C - Fundamentals that may affect the pair
USD CPI on the 25th Sept @ 00:00 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.324
Target 2 @ ....

Risk/Reward @ 2.1

Happy trading :)


Follow your Trading plan, Remain disciplined and Keep learning !!


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Hi Ben



My thoughts.
Reply
BenWright21 Tamilkumar
@Tamilkumar, Thanks for your trading opinion and idea :) Lets see what unfolds.
Reply
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