by Matthew B, September 7, 2021
by Matthew Bond September 7, 2021
USD/CAD
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Short
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H4
Table of Contents
H4
SUPPLY LEVEL
MISSED THE BUY ENTRY, CANCELLED ORDERS. NOW LOOKING FOR A SHORT TO TAKE BACK DOWN TO DEMAND.
WANT TO SEE PRICE START TO SLOW DOWN, I WANT A GOOD REACTION TO THE DOWNSIDE, A BREAK OF STRUCTURE AND THEN ENTRY ON THE RETEST.
SUPPLY/DEMAND NAKED TRADING
RISK – 0.25% / TARGET 0.75-1.00%
CAD PMI (WEDNESDAY)
POTENTIAL SUPPLY LEVEL CICLED IN RED BELOW MY ZONE.
IF PRICE TRADES THROUGH THE LEVEL WITH NO GOOD REACTION FOR BREAK TO THE DOWNSIDE THE TRADE BECOMES INVALID.
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Hello, Hoa from the5ers here.
Good idea!
However, USD has shown strength and CAD continues to show extreme weakness.
Would of been a risky trade.
**UPDATE**
TRADE INVALID, PRICE BROKEN ABOVE THE ZONE