Sell USDCAD at 1.2765 [26/Apr/2022]

26 Nis 2022

Monthly: Bearish. Market is consolidating at the moment. There is liquidty at 1.2500 area that needs to be grabbed.
Weekly: Bearish. Market is consolidatnig as well.
Daily: Price is at the Point of Interest (POI), and price seems to be making a rejection.
H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade.

Entry: 1.2765
SL: 1.2800
TP: 1.2500

5 May 2022

İşlem aktif

I stacked more positions as the price goes against me.
Closed half and moved to break even.

9 May 2022

İşlem aktif

I secured some profits because some orders has been adjusted to breakeven. 2 sell trades are still running.

I still think that price will drop some more.

Stacking a sell limit entry at 1.2940