TRADE, USDCAD, 27.2.2017

TRADE SUMMARY: this trade had a good base. Started to create higher lows and momentum. Based on the I have decided to enter on retrace. Got in at very good spot. Unfortunatelly, this was a trade: run or run away. Market run, but just for a while. It reached a nice open profit, but then shit itself. I did not want to risk it since it went against my rule of run or run away type of position. I have decided to close the position on rebound. Market eventually reached my target. Overall, decent trade.

Pattern:

  • SDZP

Good:

  • Decent spot on entry, Exiting on rebound

Bad:

  • Could have been a bit more patient

To Improve:

  • At all cost, everytime implement a WARNING ZONE

Result:

+1R

SCREENS: D1

H1

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