USDCAD, 10.8.2016, Opportunity

TRADE SUMMARY:

pair hit the D1 support and bullish buy zone. Then retraced higher. Identification trigger was hit. I have setup my limit orders and did not pay attention anymore. Market came few ticks above my order but did not trigger them. After reaching previous high, I have cancelled orders. Liquidity was injected but without me. Next.

Good:

• well positioned entry
• not chasing trade
• trendline in confluence with support

Bad:

• level on D1 was already weak (3rd touch)

To Improve:

• If the first target is reached without you, cancel trade
• With 3rd touch, be cautios and take only the best entry pattern

Result:

• cancelled

SCREENS:

D1

H1