Disclaimer: Updating this on 2/20/20
CAD had been strong, but had some indecision on this day. I was still bullish but not overly. NZD was showing signs of reversing to the downside and was stuck at some support. When I looked at the charts, this had a nice setup, it pushed down and was in a nice basing pattern
Entry – 0.84679
The low base breakout happened, and triggered my entry!
| Entry Order Level |
|---|
| 0.84679 |
| Stop Loss Level |
| 0.8493 |
| Target Level |
| 0.8415 |
Exit – 0.84399
Price moved strongly in my favor and I was able to move my stop to break even. There was some stalling in price after it pushed through 1R so I began following the SAR on the 15min chart a couple hours later. Eventually, as always, price came around, hitting my stop loss, but for a nice 28 pip profit!
