My friends,
last week I had a very busy week, so I could monitor the markets just very limited.
That is the caue of opening just one trade on USDCAD H4.
The reasons for entering: uptrend (above ema(200))+bullish TDI cross+strong support of BRN of 1.00000. Now I see It would have been better to enter on 15 Feb with a more steep TDI cross, but the support of the BRN (which coincides the Fib 61.8 of the previous week of the entry date). I closed half of the position manually just above Fib 138.2 (profit 50 pips) and I let the rest run. My final TP is just below Fib 161.8, my SL is set to BE+some pps so this trade is a free one now.
I am unsure that perhaps this move can be identified also as an ABCD now in the phase of compleeting the CD leg?
take care,
thrax
last week I had a very busy week, so I could monitor the markets just very limited.
That is the caue of opening just one trade on USDCAD H4.
The reasons for entering: uptrend (above ema(200))+bullish TDI cross+strong support of BRN of 1.00000. Now I see It would have been better to enter on 15 Feb with a more steep TDI cross, but the support of the BRN (which coincides the Fib 61.8 of the previous week of the entry date). I closed half of the position manually just above Fib 138.2 (profit 50 pips) and I let the rest run. My final TP is just below Fib 161.8, my SL is set to BE+some pps so this trade is a free one now.
I am unsure that perhaps this move can be identified also as an ABCD now in the phase of compleeting the CD leg?
take care,
thrax