Long EUR/CAD

Jul 7, 2023

After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same

Jul 10, 2023

Note

Time to book partial profits in the trade. Perhaps 50% of the position can be booked now. Let the rest run and ride the trend, could be a good one from here.

Jul 13, 2023

Trade closed: target reached

Time to close the entire position in this pair. 160 pips.