12/2/19 Long entry on USDCAD based on MMS strategy
Updated
The earlier identified SZ was already tested, was waiting for the MMS indicator to take this long trade with the anticipation price is indeed going higher, change in trend at the lower time frame at 240M. This change in trend is supported with price action now breaking through earlier established SZ and forming near DZ as price head higher.
First TP1 : 1.33234
Second TP2 : 1.33417
First TP1 : 1.33234
Second TP2 : 1.33417
Trade closed: stop reached
unfortunately, anticipated price action to break the identified SZ did not materialise as price action heads lower, it trigger my SL and was just 4 pips away from the identified 240M DZ before it rallied back and was contained by the price levels in the identified SZ.
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