SoxKeepYouWarm
Short

EURCAD breakout consolidating

FX:EURCAD   Euro Fx/Canadian Dollar
Eurcad             has made 3 equal pushes in an upwards channel followed by a breakout, and then a consolidation phase. If price reaches high point of consolidation I'm betting on a downwards breakout of equal degree to one of the breakout movement
Nightwish
2 years ago
with such bearish engulfing yesterday - I agree. price failed to create higher high and first lower low looks in place. reversal.
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ForceFollower
2 years ago
Excellent!
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SoxKeepYouWarm ForceFollower
2 years ago
but i got stopped out :(
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Nightwish SoxKeepYouWarm
2 years ago
your SL was not in good place. you should place it by the book, above previous swing high. you would still be in the trade.
+1 Reply
SoxKeepYouWarm Nightwish
2 years ago
Yea I've probably got to fix that, I'm a bit new and I've been having a lot of problems with my stop loss. Where would you put it though, the last high is way too far off.
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ForceFollower SoxKeepYouWarm
2 years ago
Yeah, I know how it feels. ;-)
How about applying wider stops in the future? Mine was above the major high to the left.
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Nightwish ForceFollower
2 years ago
he probably put it as in the picture. sometimes ppl have to know that every one of that post ideas have exclusive right to change parameters without notice. it is our own call. many should go through some learning process.
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