USDCAD 1h Bear Cypher + Structure
Will not be buying at D but a little bit above that, if price makes it that high.
Reason being; decent structure (red line) and also want to give my stop loss more than normal room so to keep my risk to reward I will either miss this trade or get in for a better price with more room for the stop loss, keeping the risk to reward 1:1.45 for 1st target.
I have drawn in the Fibs expecting price to only go as high as my buy point, if it goes higher you must readjust the Fibs for the 1st target of 38%.
Let us see what conspires!
Reason being; decent structure (red line) and also want to give my stop loss more than normal room so to keep my risk to reward I will either miss this trade or get in for a better price with more room for the stop loss, keeping the risk to reward 1:1.45 for 1st target.
I have drawn in the Fibs expecting price to only go as high as my buy point, if it goes higher you must readjust the Fibs for the 1st target of 38%.
Let us see what conspires!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.