Get started
Cherry94

Breakout of the consolidation in the context of pullback

Long
Euro / Canadian Dollar (FX:EURCAD)  
Cherry94 Updated   
FX:EURCAD   Euro / Canadian Dollar
Chart Patterns breakout pullbacktrade pullbackbuy pullback consolidation-breakout
2
0
chartpattern breakout pullbacktrade pullbackbuy pullback consolidation-breakout
Breakout from the consolidation within the current pullback. My stop loss is under the pullback's low; the closest profit target is the high of the pullback.
Trade closed: stop reached
Comment:
The long candle's tail hints for a possible trend continuation; I might consider reentering.
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.