LONG WITH WEEKLY PIVOT SUPPORT AND BREAK OF CTL HIGHER.
Updated
LONG WITH WEEKLY PIVOT SUPPORT AND BREAK OF CTL HIGHER. TP 1 = 9175, TP 2 9300 FOR 200 PIPS. BREAK LOWER OF 9000 VOIDS LONG ENTRY.
Trade active
For a low risk initial entry, I entered a small lot at uptrendline support @ 9005, and will enter another buy after price breaks the previous 15 minute high @ 9021 and retraces back down to 9010/9015, forming a small bull crown at the uptrendline support. My stop is behind the low @ 9000/8990, and my target is 9300, so this is a very good risk/reward ratio trade. A third entry can be after a countertrendline on the 1 hr chart is broken, closed and retraced back to.Trade closed: stop reached
Low risk stop hit. Regular lot entry was never entered as price did not break the countertrendline.Note
2ND entry was triggered on break of countertrendline. Take profits at TP1 then wait for pullback to reassess.Note
High volatility of Iran issue spiked CAD and hit 9000 again. Out of trade.
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