Attachments: USDCAD

USDCAD

#1
First Post: Nov 13, 2024 6:03am Nov 13, 2024 6:03am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

I know this is not a popular pair to trade, however, recently i saw pretty good opportunities to trade, though the moves are usually tight, there are opportunities every other month for a good 100-150 pips.

Im attaching below my current sell position on the pair, small stop loss with the possibility of 150+ pips!

if you notice pa has been consolidating on daily and 4hr charts indicating a possible reversal.

i will keep posting updates on my position and further potential opportunities in the future

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#2
Nov 13, 2024 7:37am Nov 13, 2024 7:37am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

all good so far, i need to see one hour candle close below 1.3822 for confirmation, after that it will be a waterfall

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#3
Nov 13, 2024 5:02pm Nov 13, 2024 5:02pm

tradercartel
| Joined Nov 2024 | Status: Trader | 12 Posts

Quoting fxmasterdxb

Disliked

all good so far, i need to see one hour candle close below 1.3822 for confirmation, after that it will be a waterfall {image}

Ignored

What's your price target? I see your line at 1.39220, do you plan to close some of the position and leave some runners?

Volatility does not equal Risk

#4
Nov 14, 2024 8:04am Nov 14, 2024 8:04am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

So i was obviously stopped out in my earlier position, I have opened another short on 1.4016, my target is roughly between 1.3790 to 1.3720, of course it will not be straight line, im expecting to reach my target within this month
my stoploss is @ 1.4050

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#5
Nov 14, 2024 8:05am Nov 14, 2024 8:05am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

Quoting tradercartel

Disliked

{quote} What's your price target? I see your line at 1.39220, do you plan to close some of the position and leave some runners?

Ignored

i was stopped out in my earlier position, I have opened a new short.

#6
Nov 14, 2024 8:17am Nov 14, 2024 8:17am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

On the sideline, I have taken short in USDJPY @ 156.12 and targeting 150.60 minimum

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#7
Nov 14, 2024 8:31am Nov 14, 2024 8:31am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

Quoting fxmasterdxb

Disliked

On the sideline, I have taken short in USDJPY @ 156.12 and targeting 150.60 minimum {image}

Ignored

SL set to BE

#8
Nov 14, 2024 8:33am Nov 14, 2024 8:33am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,117 Posts

Quoting fxmasterdxb

Disliked

So i was obviously stopped out in my earlier position, I have opened another short on 1.4016, my target is roughly between 1.3790 to 1.3720, of course it will not be straight line, im expecting to reach my target within this month my stoploss is @ 1.4050 {image}

Ignored

i need to see hourly close below 1.3985 to set SL to BE