SoonLee

Sell USDCAD

Short
SoonLee Aggiornato   
FX:USDCAD   Dollaro / Dollaro canadese
Put sell limit near resistance
Trade chiuso: obiettivo raggiunto
Commento:
Before news, the key resistance and support level must be analysed well for the possible target hit or putting the reversed order near S/R after news

It is better to put sell stop strategy with
zero spread account(lot size must be sufficient and commission charges must be lower depending on your broker used)
once the direction is correct for better earning after news

Always trade in one direction to minimise the risk esposed

Once close trades near R/S, it is better to stop trading the pair
Commento:
The trading psychology is the main factor that may influence all of your progress and ruin your trading plan.
Commento:
Always trade with 2x lot, one for the nearest cover for stop loss,
another for the running profit with trailing/manual stop for long term earning,
hold is the best strategy for one-time maximised earnings if the volatility favors your direction.
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