CADCHF - Engulfing on Supply Level - SELL
Hi Traders,
This is a trade I took last week. I am posting it, because my position is stil open and because the price is returning to my entry point. The trade is stil valid for me with the same target.
This trade is bases on the supply zone (red)
My confirmation for the trade was the engulfing pattern on the daily chart.
SL was placed above the high from the engulfing candle.
TP was placed above the next demand level.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
This is a trade I took last week. I am posting it, because my position is stil open and because the price is returning to my entry point. The trade is stil valid for me with the same target.
This trade is bases on the supply zone (red)
My confirmation for the trade was the engulfing pattern on the daily chart.
SL was placed above the high from the engulfing candle.
TP was placed above the next demand level.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
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