EURCAD Long

11 сент. 2018 г.

Market Conditions: Uptrend w/ Correction (Continuation of larger trend)

Confirmations:
1) Market Structure:
Impulse + Correction
2) Fibonacci:
50% Reached (1,2 Elliot Wave)
3) Price Pulled Back and Respected 50% fib (Previous S + R/Price Reversal Zone)
4) Continuation Pattern
5) Long term Uptrend (trend is your friend)

Message me if you have any questions :)

12 сент. 2018 г.

Заметка

Ended up being a loss because previous uptrend was broken.
Price created a double top, then respected the long term trendline as a new found resistance to continue dropping down.

Using proper risk management we should still be in the positive on pips gained versus loss. Risk to Reward Ratios are Extremely important!