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dave25981155

USDCAD Long bounce on trendline with Bullish engulfing

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
dave25981155 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Supply and Demand Candlestick Analysis engulfingpattern USDCAD usdcadlong
3
0
trendanalysis supplyanddemand candlestick engulfingpattern usdcad usdcadlong
Date Pair Direction Trade Trend Level Signal Entry
2019-10-22 USDCAD Long Counter Trend Side Dynamic Engulfing break
Comment:
Moved stop to BE
Comment:
Moved stop to 0.1R.
snapshot
Comment:
Moved stop to 0.8R
snapshot
Comment:
Moved stop to 1.25R.
snapshot
Trade closed: stop reached:
Stopped out at 1.25R.
snapshot
Looking back I have set the SL to tight and the trade was closed too early. I could have held until the target. Then again price could also have dropped lower.
Looking at it from a risk to reward perspective:
I would have left 0.5R on the table to make 1.3R extra on the trade. That is a RR worth taking.
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