Entering a long position on USDCAD
Updated
We are currently in a previous resistance zone, which might act as a support on the 1H timeframe.
Trade closed: stop reached
support was broken, so instead of canceling the trade, i entered a sell with the same lots' size. this will block the loss as we have the same lotsize for a buy and a sell order.once the sell order reaches the next support zone, i'll close it in profit, and enter a new buy, hoping to take profit after that and close the old buy with the new one in breakeven or with a small win.
Trade closed manually
closed with a small profit. it's not about winning every trade, but it's all about statistics and risk management.
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