ðŸ”Ĩ NEW: USDCAD ðŸ”Ĩ AGGRESSIVE ðŸ”Ĩ Counter-Trend Trade

āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:
It appears that USDCAD could be reacting to a minor support level and pulling back to the upside before continuing the BIG PICTURE downtrend. Here's my latest setup for the Buy and the Long.

RESISTANCE @ 1.3269
SLO @ 1.3245
TP3 @ 1.3235 (closing ALL Buy Orders)
TP2 @ 1.3210 (shaving 25%)
TP1 @ 1.3190 (shaving 25%)
BSO @ 1.3166 (if Price Action pulls back to the downside)
BLO1 @ 1.3150
BLO2 @ 1.3140
SUPPORT @ 1.31246
āļāļēāļĢāļ‹āļ·āđ‰āļ­āļ‚āļēāļĒāļĒāļąāļ‡āļ„āļ‡āļ”āļģāđ€āļ™āļīāļ™āļ­āļĒāļđāđˆ
RESISTANCE @ 1.3269
SLO @ 1.3245 âģ
TP3 @ 1.3235 (closing ALL Buy Orders)
TP2 @ 1.3210 (shaving 25%)
TP1 @ 1.3190 (shaving 25%) 💰 +24 pips
+SL @ 1.3169 ðŸšŦ
BSO @ 1.3166 📈 +28 pips ðŸĪ‘
BLO1 @ 1.3150 âģ
BLO2 @ 1.3140 âģ
SUPPORT @ 1.31246

💰 TP1 is in the bag for a profit of +24 pips

💊ðŸū TP2, here we come!!!!

ðŸĪ‘ BSO Net Equity is @ +28 pips

ðŸšŦ Stop Loss has been modified to preserve capital (see above)
āļ›āļīāļ”āļāļēāļĢāđ€āļ—āļĢāļ”: āļ–āļķāļ‡āđ€āļ›āđ‰āļēāļŦāļĄāļēāļĒāļāļēāļĢāļ—āļģāļāļģāđ„āļĢ
TP3 @ 1.3235 (closing ALL Buy Orders) 💰 +69 pips
TP2 @ 1.3210 (shaving 25%) 💰 +44 pips
TP1 @ 1.3190 (shaving 25%) 💰 +24 pips
+SL @ 1.3169 ðŸšŦ
BSO @ 1.3166 📈

📈 Out of our three Buy Orders, only the BSO triggered

💰 TP1 is in the bag for a profit of +24 pips

💰 TP2 is in the bag for a profit of +44 pips

💰 TP3 is in the bag for a profit of +69 pips

ðŸĪ‘ BSO Gross profit +69 pips or +0.52% or +$520.72*ïļâƒĢ
*ïļâƒĢbased on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
💊ðŸū Because I trade with a R:R of 1:1, my SL never triggered like the one annotated in the chart — mine was much further away.

📉 I'm holding my short from 1.3245. I'll be updating my analysis on this pair

⚠ïļâš ïļâš ïļIt's ok to place a pending SSO @ 1.3245 — STANDBY
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
ðŸšŦ If you're holding a Sell Order @ 1.3245, I've placed a SL @ 1.3265 because there may be more upside potential.

✍ïļ I'm working on a new analysis — STANDBY
Beyond Technical AnalysisCADcanadiandollarTechnical IndicatorsTrend AnalysisUSDUSDCAD

Professor C. E. Ward
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