Trading Journey - Trade #3: Long USDCAD Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Mar 15, 2019 1:17 PM

Retest of head and shoulders bottom neckline
Double bottom
Weekly resistance breakout

Bought two orders @ 1.3347
TP- For 1st order: 1.3455
TP- For 2nd order: 1.3647
SL: 1.3285
Average Risk/Reward: 3.29
Risk of capital for trade: 1.5%

Trade active

⋅ Mar 15, 2019 2:24 PM

Trade closed: stop reached

⋅ Mar 19, 2019 12:51 PM

SL reached.
Profit(pips)=62.
Profit(percent)= -1.5%

Comment

⋅ Mar 19, 2019 5:12 PM

Accumulated Profit For All Trade = 2.232%

Note: Trade profit or loss amount depends on your choice of position size according to your risk per trade. The bigger the risk, the bigger the position size, hence the bigger the reward.

Chart Patterns Trend Analysis

Comments

Yaro7lav

⋅ Mar 15, 2019 2:53 PM

Absolutely agree!!!! There is 3 Elliot's wave just started now after correction and, in according with my waves counting, it will grow a bit more, than your second TP

Good job bro :)

Technician

⋅ Mar 15, 2019 3:54 PM

@Yaro7lav, thanks bud. Best of luck.

Mbhekeni

⋅ Mar 16, 2019 7:43 AM

@Technician, nice set up , please help me what numbers do you set your EMAs with pls ?

TheDudeForex

⋅ Mar 19, 2019 2:43 PM

now long a good idea?

Technician

⋅ Mar 19, 2019 2:53 PM

@TheDudeForex, I would wait for a new signal.

Olu

⋅ Mar 18, 2019 5:00 PM

Trading this idea via the futures (D6M9 -short). Good luck to all of us

lorgnettes

⋅ Mar 18, 2019 7:36 AM

Nice one but not sure if it will go that way .... finger crossed

TheDudeForex

⋅ Mar 18, 2019 3:24 PM

@lorgnettes, you think anyone is sure?

Alikanj

⋅ Mar 17, 2019 4:43 PM

Keep the good work my friend

izyodore

⋅ Mar 15, 2019 6:46 PM

Great as always...cheers Bro