Open trading account
Hello my fellow community member,
CAD GDP 0.6% beats the forecast of 0.2%, USDCAD moves 100+ pips since the data released. My order will be sell USDCAD at 1.2465 (about 38% retracement from the hour of released (1.2527) to the low price (1.2418)), SL at 1.2515 (50 pips), TP at 1.2365 (100 pips) for a 1:2 risk:reward ratio.
I never chase a price, I always wait for retracement, Patience and Discipline are the two qualities I need to master.
CAD GDP 0.6% beats the forecast of 0.2%, USDCAD moves 100+ pips since the data released. My order will be sell USDCAD at 1.2465 (about 38% retracement from the hour of released (1.2527) to the low price (1.2418)), SL at 1.2515 (50 pips), TP at 1.2365 (100 pips) for a 1:2 risk:reward ratio.
I never chase a price, I always wait for retracement, Patience and Discipline are the two qualities I need to master.
