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Jun 30, 2022 10:07 AM

Longing oppurtunity to 1.58 Long

British Pound/Canadian DollarSaxo

Description

In case of a double top the market often tests the neckline again (blue box). Based on this pattern we've created a strategy to monitize on it. However, before we can take the trade all of the checks in our strategy need to be checked. So let's see if that happens and wait for our entry to get hit when it does. The target is around 1.58

Trade closed: stop reached

Unfortunately not every trade can be a winner, and this one ended up to be a 1R loss.
Comments
albert770
what is your conditions to take the trade?
PayPerTrade_deals
@albert770, it's important for us that we get into a bullish environment before creating a setup. When there's a bullish environment chances are big that the market will continue its way up to the target area
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