INITIAL THOUGHTS
Monthly, Weekly and Daily are in an uptrend. I don't know why I would initiate a Short trade...
REASON
Stoch cross in overbought for the daily and weekly is about to occur.
UPDATE
Trade turned out to be successful! Hit a high of $42 so I trailed my stop to +$30 for guaranteed earnings.
AFTER THOUGHTS
Have faith in the indicators and techniques used to initiate. Stick to your plan whether it fails or succeeds.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-10 08:15:38 | USDCAD | sell | 1.29884 CAD | short |
2022-05-11 11:53:25 | USDCAD | buy | 1.29487 CAD | 0 |
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