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U.S. Dollar / Canadian Dollar
Long
Updated

USDCAD Long bounce on trendline with Bullish engulfing

67
Date Pair Direction Trade Trend Level Signal Entry
2019-10-22 USDCAD Long Counter Trend Side Dynamic Engulfing break
Note
Moved stop to BE
Note
Moved stop to 0.1R.
snapshot
Note
Moved stop to 0.8R
snapshot
Note
Moved stop to 1.25R.
snapshot
Trade closed: stop reached
Stopped out at 1.25R.
snapshot
Looking back I have set the SL to tight and the trade was closed too early. I could have held until the target. Then again price could also have dropped lower.
Looking at it from a risk to reward perspective:
I would have left 0.5R on the table to make 1.3R extra on the trade. That is a RR worth taking.
dave25981155
Candlestick AnalysisengulfingpatternSupply and DemandTrend AnalysisUSDCADusdcadlong

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Candlestick AnalysisengulfingpatternSupply and DemandTrend AnalysisUSDCADusdcadlong
dave25981155

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.