USDCAD Buy Stop!
Updated
Analysis based on trend continuation after a false breakout on H4 timeframe.
Signal valid ONLY for 1 H4 candle.
RULES
Move Stop Loss to break even when price hits 50% profit.
Move Stop Loss to 50% profit when price hits 90% profit.
Move Take profit to Break Even Line if price hits 50% Stop Loss.
Signal valid ONLY for 1 H4 candle.
RULES
Move Stop Loss to break even when price hits 50% profit.
Move Stop Loss to 50% profit when price hits 90% profit.
Move Take profit to Break Even Line if price hits 50% Stop Loss.
Comment
Price reached 50% profit and stop loss was moved to break even line, than price retraced to break even line and closed with a profit of 0.08% to cover spread cost
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