EURCAD has been accelerating to the upside for the past few months.There is still some upside left before price hits old resistance zone.
This week price has been consolidating again in an inside bar pattern. The last inside bar formed a bullish pinbar.
I will enter long at the break above last Fridays mother candle.
I will place a stoploss below the tail of the pinbar.
I will plan the TP right before the resistance zone.
Trade closed: target reached
Perfect trade, if I say so myself. :-)
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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.