CADCHF Pennant. The Trade Idea Hit Three Targets. Used previous swing highs and swing lows for targets.
** ** Two Step Process ** **
First - Price closed below a level of support and resistance
Second - Price retested the level of support and resistance
Enter on the Retest of a Level using a Limit Order. So, after a price closes below a level, wait after 5:00 PM EST to make a decision to place a Sell Limit Order or not. You are essentially waiting for the Daily Candle to close before making a Trade Decision.
Trade Idea From 2020/01/13
** ** Two Step Process ** **
First - Price closed below a level of support and resistance
Second - Price retested the level of support and resistance
Enter on the Retest of a Level using a Limit Order. So, after a price closes below a level, wait after 5:00 PM EST to make a decision to place a Sell Limit Order or not. You are essentially waiting for the Daily Candle to close before making a Trade Decision.
Trade Idea From 2020/01/13
