USDCAD: SHORT TRADE EXPLAINED

17 Nis 2020

hey guys,

short trade went active on usdcad.

reason:
retest of a key daily level + bearish reaction
breakout of minor support on 1H and retest

I entered from 1.411 (618 retracement of the retracement leg)

stop - 1.42 (above key level)

T1 - 1.395
T2 - 1.387

accuracy of such setups is 58%.
risk no more than 1.5%