FX:USDCAD   U.S. Dollar/Canadian Dollar
106 1 6
usd cad TP 1.30000
gcplau
3 months ago
suggestion for you my friend : #1 your SL & PT ratio is far too close. in this scenario, you're longing after your SL has been tested 3 times and two of them with pinbar rejections; even even without the MAs, it looks like a Wave 2 or pre Wave 2 and it's a rather safe entry level, #2 from your chart, it looks like a 5 days downtrend broken and retested with support shown, you should at the minimum target 61.8% retracement, and if you look at higher timeframe, you'll have better idea where you should set your PT1, PT2. #3 try grab a bit of Wave 12345 #4 never base your trading from 60 chart unless you're pro pro, from the SL you set which is 30pips in a 60 charts; you have to be very sure what you are doing...
if you need a mentor? let me know I"ll recommend a few for your choice.
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