AhmadFarhan

Short USDCAD - Half R (risk) position

Short
AhmadFarhan Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
1
I am a USDCAD bull but here I would like to short USDCAD at 1.33 with 50 tick stop. Targets are 1.32 and 1.31. Will post the details later as I am constrained on time but I think we will test the range below again as S&P and Oil get some push higher
Trade closed manually:
Closed for 55 pips . Perfect reaction from entry (ok ok we got 7 pips offside :) ). Will reenter on any opportunity during US session especially around the crude inventory data. Can reenter at 1.33 or 1.3280-85 if feeling a bit aggressive.

Happy pips
Trade closed manually:
For those who didnt close and still riding I would suggest to close atleast 60% of the position here i.e current price band is 1.3155-65.
Comment:
Please close the full position in the range 1.360-70. Reenter around 1.3240-1.3280 with stop at 1.3340...... rinse repeat
Comment:
I meant 1.3160-70 in the update above :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.