USDCAD - D - SHORT

First try to publish one of my ideas, please don't follow my recommandation :)

Based partly on TDI for USDCAD pair on daily timeframe, we have :

• - Fast RSI crossing Slow RSI
  - Overbought
  - Fast correction happening
  

I aim for a pullback for 7 daily bars maximum with 200 pips max TP.
SL should be above latest green bar.
Entry, SL and TP on chart.

Bình luận:

Thanks to my habit to round up number, my SL wasn't triggered.
Daily update still on track with the original idea.

However, 4H TF show some bullish strenght left.

Let's see how it settles.

Bình luận:

Nothing noticeable, back to square one.
I'll look at PA on 4H and daily when we meet the yellow average line.

Bình luận:

This is not really going as expected... I will probably close the trade @B/E if we get there.

Bình luận:

This trade is definitely not looking good.

On monthly and weekly we have a clear break to the upside. Daily is showing some form of light correction. So I would suggest to close this trade at BE if we get there.
Our hope could come from a form of SL hunting that should occur before taking off again. We could get a 1.359 at best IMO.

Bình luận:

I was way too optimistic with this trade, even if we are seeing the consolidation I expected this WE. So I'm putting SL@BE, not a large room for this trade to breath and plan to exit below 1.36, if we get there.
We are already touching the lower band of the PAC.

Giao dịch được đóng thủ công:

TDI could consolidate a few days around 1.36. So I closed this trade with only 50 pips profits.