Short USD/CAD for a swing trade

25 giu 2018

We are near the top of the channel (wich might also look like a bear flag). A nice reversal candle is forming, we need to wait for it to close for a full confirmation tho. Bearish divergence on MACD. RSI above 70. I know that it only mean that the up trend is strong but it's been a while since it didn't go above 70 on 3D. Stochastic looks good for a short too.

Shorting here might be risky. You can also wait for the candle to close and see how things evolve before shorting.

Please give me your opinion, good luck.

25 giu 2018

Nota

The target is the top of the ichimoku on weekly. (Note that if we follow my scenario on 3D, the curent candle on weekly will be a reversal candle too.)

26 giu 2018

Nota

This is really an awful HnS but why not. It matches with what i expect.

26 giu 2018

Nota

3D Candle closed. Looks really good so far.

27 giu 2018

Nota

I'm still in. I'll post a chart tonight.

27 giu 2018

Nota

In my opinion, they just wanted to chase stop losses that were at last swing high. But i'm still bearish, my scenario isn't invalidated.

27 giu 2018

Nota

to hunt stop losses*

27 giu 2018

Nota

28 giu 2018

Nota

Already good profit with any leverage. Personnaly i had a 200 leverage so it's a 200% but for the most reasoneable ones, with a 10x it's still 10% and very good. You can take profit or move your stop loss below entry price so you won't loose anything on this trade. I'm keeping my position open.

28 giu 2018

Nota

Sorry not 200% -> 170% and not 10% -> 6%
I thought that we already dumped 1%

28 giu 2018

Nota

We closed below the range box.

29 giu 2018

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Looks like i didn't close y short. I thought i did. Anyway if you closed it i think that you can open it again.

29 giu 2018

Nota

Non realistic target :

29 giu 2018

Nota

For the moment our entry was gorgeous..

1 lug 2018

Trade chiuso: obiettivo raggiunto

Strong support here, i'll post another idea if we break it and i re enter