USDCAD Short For Weekly WaveC Impulse Down + 240 Price Action

23 Ağu 2016

SL: 1.2950 (50pips = 1Risk)
Entry: 1.2900
PT1: 1.2620

23 Ağu 2016

Not

Revise TP1 & TP2:

TP1: 1.2820 (close half, remaining SL to BE)
TP2: 1.2620 (if TP2 is not hit; expect bounce near 1.3050 and reshort after PA confirmation)

23 Ağu 2016

Not

Manual Close: loss -0.25R/R

23 Ağu 2016

Not

Reason:
Day Chart cycle timing : not right (240timing ok, but Dchart & H1 not right)
Level: not significant enough
MA: MA pockets clustered zone....usually bad entry timing!

RESHORT at next Day swing high, hopefully near end August, when dollar swing up and Oil continue it's uptrend.