EUR is one of the strongest currencies, and CAD is one of the weakest today. I looked at a few charts, but this one appears to have the best setup and R:R available. While it’s already had a breakout and moved a bit, it’s basing now and based on RSW, it could continue further up. I’m going to set entry orders here, above the high before the pullback that it’s on, and hope they trigger
Entry
After the pullback, price moved back up and hit my entry trigger. Now we wait
| Entry Order Level |
|---|
| 1.47335 |
| Stop Loss Level |
| 1.47068 |
| Target Level |
| 1.47948 |
Exit – 1.47331
Price steadily moved in my favor, eventually hitting 1R, which is when I moved my stop to break even. Almost immediatly after hitting 1R, though, price reversed and dropped enough to stop me out (and continue down). I’m fortunate that it hit 1R and I was able to get out with only a small loss
