USDCAD : Trading Plan for Correction and Bad Scenario

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Let's start.

USDCAD 1W Chart :

Snapshot

As can be seen, we can say that a momentum decrease is observed even though it is under the influence of both a Distributional (Gradual) sales signal and a decrease in Positive histogram sizes.

Terminal Status on Relativity Adaptive Period Length :

Snapshot

Terminal Status on 107 weeks (Strong DXY Period) :

Snapshot

As can be seen from the terminals, CAD positions and price show similar movements.
It is difficult to get something clear out of here, but we are just playing the correctional motion.
So we will try with small position sizes.

Because this is the most profitable trade here, if it happens we will win.
In the event that it does not happen, the sums we will not be saddened will be lost.

Parameters :

Short Trade 1

  • Position Size : %0.25

  • Risk/Reward Ratio : 1/1.72

  • Stop-Loss : 1.33572

  • Goal : 1.30694


Short Trade 2 :

* ENTRY : 1.32852

  • Position Size: %0.33

  • Risk/Reward Ratio : 1/3

  • Stop-Loss : 1.33572

  • Goal : 1.30694


NOTE :

This trade is in these parameters and:
Valid in non-overbought areas and with stop-loss promoters confirming the buy signal plus trend on Defined Areas. (On Presentation)

In case of bad scenario, the places we should look at are indicated in the presentation under the Long Conditions box.

*** NOTE 2 :

If we fail here, we will look for an opportunity to open a long position with a high risk / reward ratio of persistence above 1.33510 with larger Position Sizes.

Regards.
Trade geschlossen: Stop wurde erreicht
Beyond Technical AnalysisCurrenciesForexforexsignalsTechnical IndicatorssignalsterminalTrend AnalysisUSDCAD

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