USD/CAD LONG - Morning Star Bounce off Trend Line
My last post was biased towards short IF the 4HR trend line was broken. This didn't happen and instead a mirning star formation has been made bouncing off the trend line, so I will be opening up a long position on USD/CAD with a TP up to the 4HR resistance level. TP @ 1.35555. SL @ 1.35000.
Trade active:
Entered the trade.
Trade active:
Risk/Reward: 1.75
Trade active:
SL moved to breakeven. 50% of the target achieved so far.
Trade closed: target reached:
Target reached, a good win on the H1 chart. Would normally trade on higher timeframes, but this opportunity couldn't be missed. It always pays to check all the timeframes.
