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Oct 12, 2021 10:58 AM

Chikou Span Breakout: Long CADSGD (H1) Long

CAD/SGDOANDA

Description

Daily Chart: Bullish
H4 Chart: Bullish

H1 Chart:
Price is ranging as depicted by the yellow box.
Bullish Tenkan-Kijun cross but both are flat. Even the Senkou Span A and B are both flat.

However,
1) Chikou span breaks out of the range
2) Chikou span > Price
3) SL is placed at the lows of the yellow box or fractal levels.

Trade closed: stop reached

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