100-120 Pip move up including the current channel high break.
First trade with 50 pip TP to current orange channel high.
Second trade with 90 pip TP to new green channel high.
I expect move to current channel high to take place overnight (UTC), some action to occur in the morning and then the break of current high at 13:30 (UTC) on some Canadian news releases. Alternatively the news could be used as a stop hunt.
Good luck :)
UPDATE: Stopped out for -25 pips.
Right, I understand what happened now. Such a shame I didn't spot it earlier. Anyway what we'll see next week is a reversal pattern of some kind, followed by a new Long channel.
First trade with 50 pip TP to current orange channel high.
Second trade with 90 pip TP to new green channel high.
I expect move to current channel high to take place overnight (UTC), some action to occur in the morning and then the break of current high at 13:30 (UTC) on some Canadian news releases. Alternatively the news could be used as a stop hunt.
Good luck :)
UPDATE: Stopped out for -25 pips.
Right, I understand what happened now. Such a shame I didn't spot it earlier. Anyway what we'll see next week is a reversal pattern of some kind, followed by a new Long channel.
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Disclaimer
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.