The setup: - USDCAD has been rejected in the previous support zone for 2 H4 candles - Price now showing some downward momentum - Waiting for price to push a bit higher than place Sell Stop order to ride the downward momentum
Invalidation: - If price spike up above the zone and retest find support above the structure, market has shifted from range to breakout.
Trade management: - If trigger into the trade when price touch the breakeven line, need to move stop to break even - Risk over reward!
评论
:( I am late... meeting after meeting... will set a limit order see how it goes.
评论
Looking the last 3 H4 candles price seems holding strong. I would like to see it break out then retest to go long instead.