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USDCAD

by Matthew B, August 3, 2021

USD/CAD H1 SUPPLY/SELL

by Matthew Bond August 3, 2021

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USD/CAD

|

Short

|

H1

Timeframe:

H1

Analysis Method:

SUPPLY/SELL

Analysis:

LOOKING FOR CONTINUED USD WEAKNESS

Trade Plan:

SUPPLY/DEMAND NAKED TRADING

Risk Management:

0.25% – 2RR TARGET

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  1. CURRENTLY +1R, NEED TO BREAK THIS SMALL DEMAND TO CONTINUE DOWN TO TAKE PROFIT. SMALL DEMAND HAS BEEN TESTED ALREADY SO LOOKING BREAK OVER THE NEXT HOUR OR TWO

        1. Higher time frames have been bearish since March. I should have however traded the higher supply zone. The 4hr was perfect but I missed it

          1. I´m currently long in this pair.. looking to close half of my position at the supply zone you draw and then move my stoploss to break even

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