Bottom / Top Finder just gave the signal to go long a couple hours ago, and already have topped out over a 4.0 risk/return ratio! With no top signal yet, we are holding the position for proper exit.
Both false signals shown could have been exited in profit but since the indicator did not signal it, we consider it a stop loss hit for those 2. (17/19 correct is...
We have a trend line structure in this setup, a descending channel. On the 240, we have a M peak formation at its 2nd leg, and in that 2nd leg, we also have a M formation on the 15-min, a timeframe that I use to enter my trades.
CADCHF is then a pretty good short opportunity. I'll be short from 0.7815 and I'll have a SL around 0.7825. If the trade hits my SL, I'll...