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justagirllearningtotrade
21 Apr 2023 pukul 10.24

USDCAD SHORT TERM REVERSAL Penjualan

U.S. Dollar/Canadian DollarFXCM

Deskripsi

Looking at a potential 80/20 setup on this pair on the 4 hour.

If price does not retrace before reaching daily resistance, there may be an opportunity for a ~115 pip retracement, atleast to the 38.2 of the up retracement to gain enough momentum to continue to the upside, breaking daily resistance.

The alternative is that price can complete the fib sequence off of a shallow retracement and this potential play could be proven to be invalid.
Komentar
mickaast
Sorry to see, that the trade started with a 115 pip drawdown :-(, hope you got out, or waited to go short.
justagirllearningtotrade
@mickaast, Did you read any of the commentary? My guess is you didn't. I explain both possibilities.
mickaast
@justagirllearningtotrade, Ohhhh sorry, i missed the alternative part :-(
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