USDCAD short after professional selling and a successful no demand VSALite
Trade strategy using the Tradeguider VSA Lite software. Papertrade on Tradingview, placing the trade with real money on Activtrades (FX markets).
Checklist:
• Signal of professional selling at 09/11/2021 15:00
• Successful no demand at 10/11/2021 10:00
• Stop placed at 1.2492
• 4 consecutive short term indicator red bars
• Entry on a bar that closed on it’s low
• No previous price action at this level for a few days
• A background of weakness
Management of the trade in accordance with my trading plan on 15 mins
