USDCAD long (about to make a higher low)

16 Ara 2024

The charts are indicating that USDCAD is about to turn upwards, making a bottom (ie: as part of its sequence of higher high and higher low). It is about to form that higher low. My trade is geared at getting in at the bottom of that higher low.

I have already set my limit orders so I can be in the trade when the price comes to my satisfactory price point.

16 Ara 2024

Not

Looks like the trade is moving along. I believe I have missed my entry. That is to say, it did not drop as low as I had anticipated. My limit order did not get filled.

To confirm this, just watch the price shoot up with good momentum and it will confirm that a lower high has now been formed.

I don't like to enter unless it is at the very bottom, so I am skipping this trade. I will post and look for another bottom or top. They happen frequently, so I am not worried. Also, another reason that I am not worried is that if I were supposed to catch the most recent bottom, then I would have caught it. Since I didn't catch it, it wasn't meant to be.

I will move on and open my horizon to welcome in that next trade, one that I am meant to be in.

cheers.