Pre-news release Crude Oil Inventory EURCAD 15m

This is trading at US Open 8 am EDT. I placed current support resistance lines on the 15 m chart. As price crossed a sup/res line I entered a trade for 5 pips. Four trades at 5 pips each equaled 20 pips. I demo traded this with 10 lots so every 1 pip earned $100. :)

Comment:

You can make your fixed TP 5 to 10 pips in case the market moves quickly. But I try not to let these trades go negative so I will close out a trade 1 to 3 pips or break even.