The potential R:R on CADCHF looks attractive, but that doesn't mean I'm assuming the trade will win.
A beautiful setup can still lose.
That's why I define the amount I'm prepared to lose before thinking about what I could make.
If I'm wrong, the stop handles it.
If I'm right, I want enough room for the bearish move to develop toward the external liquidity below.
My CADCHF sell is officially active.
The idea is based on price retracing into a higher-price POI after showing difficulty sustaining the previous bullish expansion.
My roadmap:
Retracement into POI โ rejection โ bearish expansion โ lower liquidity โ 0.5788 key level.
๐ Sell: ~0.58596
๐ SL: ~0.58659
๐ฏ TP: ~0.57881
The position is on, risk is defined, and now the market gets the final say.
No prediction is guaranteed. My job is simply to execute the edge consistently.