Chart - CAD/JPY
TF - Daily
Likely duration of trade 3 days - 4 weeks
1.Trend in play ? Yes phase 1 of new bull trend
2. Entry - Engulfing on the daily with pull back prior
3.SL - 8302 Below prior swing high
4. TP - 8552 Monthly pivot R1 level
5.RR Around 2.0
6. Support factors - Prior attempt to reverse failed so this new phase 1 bull has more merit
7. Rating 6.5/10 As always phase 1 new trend are to be traded with more caution
Dream pips
TF - Daily
Likely duration of trade 3 days - 4 weeks
1.Trend in play ? Yes phase 1 of new bull trend
2. Entry - Engulfing on the daily with pull back prior
3.SL - 8302 Below prior swing high
4. TP - 8552 Monthly pivot R1 level
5.RR Around 2.0
6. Support factors - Prior attempt to reverse failed so this new phase 1 bull has more merit
7. Rating 6.5/10 As always phase 1 new trend are to be traded with more caution
Dream pips
Trade active:
Not a good day on this one price movement is against TA logic, fundamental flaw, The correlation to oil is also unusual, Still holding hoping for better day tomorrow. The trend still bullish no reason to exit.
dream pips
dream pips
Trade closed: stop reached:
Stop hit - Cant win them all this move was against the evidence presented as always we need to asses loss and check if we could of done better..
On to the next
Dream pips
On to the next
Dream pips