With a nice uptrend the last couple weeks the Euro Canadian Buck crossrate looks like it could continue.
The new Weekly Pivot Range is very supportive and the new Monthly Pivot will be supportive once it shows up after the end of today's session.
Go long above the swing high around 1.56540 with a stop loss at 1.54880 and profit target at 1.59800.
The new Weekly Pivot Range is very supportive and the new Monthly Pivot will be supportive once it shows up after the end of today's session.
Go long above the swing high around 1.56540 with a stop loss at 1.54880 and profit target at 1.59800.
Trade closed: stop reached
May have had 75 pips profit before the tank on the flash crash moves yesterday which hit our stop loss and saved us a lot more $ than if we had no stop loss at all.Remember to use a trailing stop loss especially when you have so much profit. A good practice is to trail the stop loss to your breakeven entry point once the market moves far enough to avoid getting prematurely taken out.
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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.