USDCAD 4hr First attempt to short for monthly position trade

USDCAD Well that was quick... found my first level to try and sell ... much lower risk at between 30-40 pips for a potentially large payoff

Given the fact it's a position trade I'm going to place my stop a few more pips above what I would normally do and potentially have another crack at it if the level is breached but the candle immediately rejects the level

Potential R:R is high on this so willing to have a couple of trys at it which is certainly not the norm

Yorum:

Actually bought this at 1.3141 with a final long target at my short entry noted in this post, hopefully it keeps on running to my proposed entry short