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I got the thought in my head that the pair was worth shorting so entered where the two red dashed lines are and waited. Now, Te upper dashed line was entered before the bounce (while price was still going down).
Soon I will be placing my stop loss at break - even and will just let this one ride. Tentative target 0.88 but it could go much much lower which is a bit counter-intuitive given all the bad Brexit news recently, but let see what happens. I don't trade based on news... except I will now go and see its its worth entering short on USDCAD
I got the thought in my head that the pair was worth shorting so entered where the two red dashed lines are and waited. Now, Te upper dashed line was entered before the bounce (while price was still going down).
Soon I will be placing my stop loss at break - even and will just let this one ride. Tentative target 0.88 but it could go much much lower which is a bit counter-intuitive given all the bad Brexit news recently, but let see what happens. I don't trade based on news... except I will now go and see its its worth entering short on USDCAD
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