CADCHF - IN TREND ENGULFING LONG SETUP (D)
Updated
Confluences:
Recent higher high
Large bullish engulfing candle
Slight lower bollinger band outbreak
SL set below engulfing candle low.
TP set a previous high's candle body high. Trail SL for max profit.
Similar to CADJPY setup, but not quite as strong.
Recent higher high
Large bullish engulfing candle
Slight lower bollinger band outbreak
SL set below engulfing candle low.
TP set a previous high's candle body high. Trail SL for max profit.
Similar to CADJPY setup, but not quite as strong.
Trade closed: target reached
TP hit to a tee!
Related publications
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.