Update from previous idea:
if you look at my analysis posted on Saturday I done a Monday prep chart. I was favouring the downside on USDCAD, I had 2 areas mapped out, one was basically right on the open and the other was incase price were to see a rise at the open before an even bigger drop throughout the day.
so far we have seen a slight wick above the box but the key is to let price show its hand. this morning looking at a possible drop and retrace entry into this drop trying to see a new low formed for today. swing high to swing low was taken and entry looking at around the 0.65 retracement level. got wicked in and continued the move to the downside.
not looking for any crazy moves and in the morning I am doing analysis so I am watching like a hawk, managing a scalp like this is fine small gain good start to the morning. glad the analysis was there for anyone to take a similar trade.
if you look at my analysis posted on Saturday I done a Monday prep chart. I was favouring the downside on USDCAD, I had 2 areas mapped out, one was basically right on the open and the other was incase price were to see a rise at the open before an even bigger drop throughout the day.
so far we have seen a slight wick above the box but the key is to let price show its hand. this morning looking at a possible drop and retrace entry into this drop trying to see a new low formed for today. swing high to swing low was taken and entry looking at around the 0.65 retracement level. got wicked in and continued the move to the downside.
not looking for any crazy moves and in the morning I am doing analysis so I am watching like a hawk, managing a scalp like this is fine small gain good start to the morning. glad the analysis was there for anyone to take a similar trade.
