DETAILS
TP: 1.29643 (+$114)
SL:
INITIAL THOUGHTS
Price crossed under the 1h MA. MACD and RSI both in a downtrend. 4h MACD just crossed and RSI is starting to arc downwards. Previous candle had strong price rejection and todays candle was red. Looks like price broke through the channel a bit and starting to head down. Didn't set a SL.
UPDATE
07/15/2022 11:05 PM, +$20. Markets closed but it ended with a positive. Let's see what happens.
07/17/2022 8:08 PM, +$45. Still looking good. TP should either hit tomorrow or Tuesday.
REFLECTION
TP was hit. At the time of writing this, price is at 1.2910 (+$199). I want to study more on how I could have moved my TP and capitalized fully on the swing. Maybe need to check the lower time frame candles and see what price action is saying.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-15 09:16:40 | USDCAD | sell | 1.30390 CAD | short |
2022-07-18 06:23:29 | USDCAD | buy | 1.29642 CAD | 0 |
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