It looks like me discussing a trade setup for USD/CAD with:
Sell Entry: 1.36200
Target Point 1: 1.23504
Target Point 2: 2.31000 ← This seems like a mistake
Let’s break it down:
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🔍 Trade Analysis:
Sell at 1.36200: This is a reasonable short entry, near recent resistance (depending on current market context).
Target Point 1 (1.23504): This is plausible, as it's a historically significant support level — a good long-term take-profit zone.
Target Point 2 (2.31000): This appears illogical for a short (sell) position — it's higher than the entry price. If you're shorting, you profit from a decline, not a rise.
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✅ Corrected Setup (Sell Idea):
Sell USD/CAD @ 1.36200
Take Profit 1: 1.30000 (medium-term support)
Take Profit 2: 1.23500 (long-term support)
Stop Loss: 1.37200 (just above recent highs)
Would you like a chart analysis or backtest of this strategy?
Sell Entry: 1.36200
Target Point 1: 1.23504
Target Point 2: 2.31000 ← This seems like a mistake
Let’s break it down:
---
🔍 Trade Analysis:
Sell at 1.36200: This is a reasonable short entry, near recent resistance (depending on current market context).
Target Point 1 (1.23504): This is plausible, as it's a historically significant support level — a good long-term take-profit zone.
Target Point 2 (2.31000): This appears illogical for a short (sell) position — it's higher than the entry price. If you're shorting, you profit from a decline, not a rise.
---
✅ Corrected Setup (Sell Idea):
Sell USD/CAD @ 1.36200
Take Profit 1: 1.30000 (medium-term support)
Take Profit 2: 1.23500 (long-term support)
Stop Loss: 1.37200 (just above recent highs)
Would you like a chart analysis or backtest of this strategy?
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t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.