Another H&S setup, this time on the EURCAD.
Price has broken below previous support, so a good opportunity to go short.
Stops above yesterday's high, targets at July lows.
Enter short market.
Price has broken below previous support, so a good opportunity to go short.
Stops above yesterday's high, targets at July lows.
Enter short market.
Trade closed manually:
No clear follow-through by the market, would rather close at breakeven and save my bullets for the next signal.
I can't handle trades that do not immediately start to trend - a trait which has served me well. A trader's Number One priority is to protect capital.
I can't handle trades that do not immediately start to trend - a trait which has served me well. A trader's Number One priority is to protect capital.