The Channel was Broken , Pull back to the channel was done , the main Trend is Bullish , The bullish trend line is powerful , Continuing pattern (Flag pattern) activated , Kijun-sen and 100MA under the price
So we have 3 target
1st target : As the wide of the channel
2nd target : As the height of the channel
3rd taget : As the height of the flag
Only trade I've entered today. Nice level alone with a 3rd touch into the trendline (remember this is the markets it may not always hit your desired target 100% of the time) we missed the trend by around 40 pips but we took the entry anyway due to these nice levels.
Only a 2% risk on this trade, with a RR of 50 pip SL and around 260 pip Take profit. We'll more...
US30 - Buy is valid
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can...
Bit late to the party with this one although still a good few pips to grab before we get into a holding position.
30 pip SL takes us to a nice resistance area so if price pushes back up there then so be it. You can see overall we expect price to reach this bullish trendline which crosses nicely with a daily resistance level so from there we will look to take a...
USDCAD has been pushing down creating nice bearish price action as it goes. It has now taken out the relevant low to the left (break in market structure). As expected the pair has now retraced slightly up to our fib levels to hopefully continue pushing down.