Hello traders,
I have just entered this position on
USDCAD
. I was watching the market for few days and I was looking for a short opportunity.
As you can see from the chart, the price reacted on Fibonacci retracement, we can see a false breakout to the upside and a volatile movement to the downside after that. This confirms the short for me. Also on daily chart there is a Pin bar.
I am going to close the position at 1.37254 in case the prediction is wrong. Otherwise I want to close half of the position at 1.34389 and the rest around 1.32294 which is the PoC from daily chart.
What are your expectations here? Let me know in the comment :-)
Take care.
John
FINEIGHT Team
I have just entered this position on
USDCAD
. I was watching the market for few days and I was looking for a short opportunity. As you can see from the chart, the price reacted on Fibonacci retracement, we can see a false breakout to the upside and a volatile movement to the downside after that. This confirms the short for me. Also on daily chart there is a Pin bar.
I am going to close the position at 1.37254 in case the prediction is wrong. Otherwise I want to close half of the position at 1.34389 and the rest around 1.32294 which is the PoC from daily chart.
What are your expectations here? Let me know in the comment :-)
Take care.
John
FINEIGHT Team