SmartTradingFX
Short

USDCAD: Waiting For Alternate Entries

FX:USDCAD   U.S. Dollar / Canadian Dollar
190 0 10
Analysis on chart!

I narrowed down a potential Shorting zone where there is Harmonic Leg Completion, 1.618 Extension and a 0.786 Retracement

I have highlighted the Aggressive Entry (Limit or at Market) and the Conservative Entry ( Double Top ) Price has just put in a Double Top which could then allow much lower risk, thus increasing risk reward ratio from a 0.77 to a 2

It shows that you should never right off your analysis if risk is too great and can wait for a more conservative way of entering which then may fit your max allowed risk! It will all come down to what you have tested and what is required for you to take the trade! I thought I would share this insight with you as some may find it useful!

Hit that like button and comment away I would love to hear your ideas

Ric
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out