USDCAD Long Trade after big Bullish Momentum Candle in uptrend.
1. Price above 3 MA's (3,8,20)
2. RSI MA's Cross
3. Big Bullish Momentum Candle (possible retest)
4. Breakout of strong resistance structure
5. Strong USD economy environment
6. RSI Above 50
7. Weekly Uptrend
8. Daily structure HH-HL-HH-HL
Risk: 2%
Stop Loss: Below low of the signal candle
Take Profit: None
Trailing stop and exit on close below 20 SMA or break of structure
1. Price above 3 MA's (3,8,20)
2. RSI MA's Cross
3. Big Bullish Momentum Candle (possible retest)
4. Breakout of strong resistance structure
5. Strong USD economy environment
6. RSI Above 50
7. Weekly Uptrend
8. Daily structure HH-HL-HH-HL
Risk: 2%
Stop Loss: Below low of the signal candle
Take Profit: None
Trailing stop and exit on close below 20 SMA or break of structure