Fractal Breakout: Short EURCAD (H1) - Re-entry
Daily Chart: Bearish
H4 Chart: Bearish
H1 Chart: Re-entry opportunity
1) Tenkan, Kijun, Senkou span A and B are all pointing downward, with Tenkan and Kijun showing some separation.
2) Chikou span is 'open'.
3) In 1 hr's time, if the price closes as it is now, it will constitute a fractal break on H4.
4) SL at recent fractal level.
5) Trailing SL based on ATR or exit position based on Ichimoku strategies.
H4 Chart: Bearish
H1 Chart: Re-entry opportunity
1) Tenkan, Kijun, Senkou span A and B are all pointing downward, with Tenkan and Kijun showing some separation.
2) Chikou span is 'open'.
3) In 1 hr's time, if the price closes as it is now, it will constitute a fractal break on H4.
4) SL at recent fractal level.
5) Trailing SL based on ATR or exit position based on Ichimoku strategies.
Trade closed: stop reached