Trade of the week: USD/CAD H1: 21-23 of December: +8.5% (+233 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 21st of December, on D1, the chart is slightly up and the ewave is about to cross the zero line, on H4, it is a wave up (pulling back), on H1, we have for nearly a day a tight fractal box (Stop Loss is at 31 pips) and the ewave is about to cross the zero line, the upper limit of H4 is at 50 pips so the price has some space to move. We place a pending order above the box which is triggered in the afternoon and the price moves slowly, the next morning, we have a possibility to add on (Stop Loss at 23 pips below a small box). We have an exit signal at the end of the week of trading after a pin bar, we exit below this bar for +141 pips (+4.5%) and +92 pips (+4%) for the addon and a total profit of +8.5% with +233 pips.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 21st of December, on D1, the chart is slightly up and the ewave is about to cross the zero line, on H4, it is a wave up (pulling back), on H1, we have for nearly a day a tight fractal box (Stop Loss is at 31 pips) and the ewave is about to cross the zero line, the upper limit of H4 is at 50 pips so the price has some space to move. We place a pending order above the box which is triggered in the afternoon and the price moves slowly, the next morning, we have a possibility to add on (Stop Loss at 23 pips below a small box). We have an exit signal at the end of the week of trading after a pin bar, we exit below this bar for +141 pips (+4.5%) and +92 pips (+4%) for the addon and a total profit of +8.5% with +233 pips.
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