USDCAD, for north, there would be a Cypher pattern C point now. For south, it could go to down trend bottom line. Either way would be possible. Try to place stop entry order for two direction. Since it is going to complete a triangle pattern.
Note
Short order step out. Lose 31.1 point.Note
Long order opened. move stop to open price.Note
Move stop to 1.27450.Note
Move stop to 1.2790Note
Move stop to 1.2826Trade closed manually
Note
1.28628 - 1.27275 = 135.3 - 31.1 = 104 points profit.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.