EURCADEntry: 1.54675
TP: 1.55050 (37.5 pips)
SL: 1.54325 (35 pips)
Daily timeframe. Entered this trade at the end of the day on Friday (12/11). This is basically a scalp as far as I'm concerned and hoping the take-profit level will be hit Monday or Tuesday. The risk to reward ratio is not ideal, but I'm liking a few things with this trade. Shooting star close to the day on Friday, preceded by a long wick below the 200 MA. Looking for a rebound here to at least the 30EMA and the bottom of the Ichimoku cloud. Stop loss level was set a comfortable distance below 200MA and LOD on Friday.
I have a feeling that there's room for a move upward to 1.559, but I don't want to commit myself to that until a daily close above 1.55240. Risking 2% of my account, as always.
-Zedro
Trade closed: target reached
Nailed this one. Landed overnight at TP. Again, I have a feeling EURCAD will continue to see movement to the upside, but I'm not comfortable enough to jump in on a longer-term position.-Zedro
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.