IDEA: Although CADCHF is trending down, we are looking for quick "pop" up before continuing down.
RULES:
1) Daily Support - check
2) 3 point fractal with bullish engulfing candle - check
3) RSI - was below 20 at prev low - check
4) Risk to Reward - 1.11 greater than 1 - check
After ticking the above points, this trade meets my rules.
RULES:
1) Daily Support - check
2) 3 point fractal with bullish engulfing candle - check
3) RSI - was below 20 at prev low - check
4) Risk to Reward - 1.11 greater than 1 - check
After ticking the above points, this trade meets my rules.
Trade closed: stop reached:
* Lost trade -70 pips
* Although it did lose, it was One Good Trade that followed my plan.
* Although it did lose, it was One Good Trade that followed my plan.