FX:USDCAD   U.S. Dollar / Canadian Dollar
Guys, looking for this cypher to complete to enter short.
Trade active: orders executed
Trade closed: target reached: conventional target #1 is hit. Standard rules say to close half of the position and move the stop for the remaining half to breakeven.
Trade closed: target reached: Conventional target #2 is hit. Standard rules say to close the rest of the position. I leave some fraction of it to see if price can reach the projected lows.
This pattern was found by the MPS-5 pattern recognition software: http://www.ps-software.net

Get your free pattern trading course: http://ps-software.net/learn-the-patterns/

Alex Nikitin Youtube channel: https://www.youtube.com/user/alexniquitos/
thanks BATMAN!!
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I like the precise entry.
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Walter9105 Alexander_Nikitin
@Alexander_Nikitin, How did the trade hit the target if the target is 1.24074.

I don't understand
Reply
@Walter9105, You don't understand it for two reasons:
1) You have no idea about how these setups are traded according to conventional rules.
2) You didn't read the description of the update section.
Reply
frupreneur Walter9105
@Walter9105, TP1 is 38.2% fib
+2 Reply
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