Price is moving between 50 sma and 100 sma
Price may rise back to 50 sma again before falls to 100 sma
Sell Limit @ 1.3567
Sell Limit TP - take 1/2 profit @ 1.3480
Let rest of trade ride
Price can currently fall to 100 sma and break below
Sell Stop @ 1.3480
1st Sell Stop TP @ 1.3427 - take 1/2 profit let rest ride
2nd TP close all trades @ 1.3364
SL placed above high
Adjust SL as price falls
Price may rise back to 50 sma again before falls to 100 sma
Sell Limit @ 1.3567
Sell Limit TP - take 1/2 profit @ 1.3480
Let rest of trade ride
Price can currently fall to 100 sma and break below
Sell Stop @ 1.3480
1st Sell Stop TP @ 1.3427 - take 1/2 profit let rest ride
2nd TP close all trades @ 1.3364
SL placed above high
Adjust SL as price falls
Note
Price closed and held below 100 smaTrade Entered
Note
Strong CAD pushed price bearishPrice hit 1st take profit took 1/2 trade off
Letting trade ride to 2nd bearish TP
Note
Both TP hitNote
Possible Bearish Continuation TP pointsNote
Possible Reversal point
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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.
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.