Hi guys!
This is one of those trades that either works beautifully or not at all.
Look for a double bottom for evidence of reversal, with a tight stop loss below the major structure.
I have made multiple take-profit levels so that we can keep them as safe as possible. A small profit is still profit.
Good luck and trade safe!
Please remember to like, follow, comment, and share my ideas - I put a lot of effort into providing this for free and would really appreciate it.
Good luck, Trade safe.
DrBear
This is one of those trades that either works beautifully or not at all.
Look for a double bottom for evidence of reversal, with a tight stop loss below the major structure.
I have made multiple take-profit levels so that we can keep them as safe as possible. A small profit is still profit.
Good luck and trade safe!
Please remember to like, follow, comment, and share my ideas - I put a lot of effort into providing this for free and would really appreciate it.
Good luck, Trade safe.
DrBear
Trade active:
If you have already entered - do not worry! Keep SL as shown on the chart. We may well dip back down to a marked entry point, but that's just an opportunity for even better entries!
In my experience, it always works its way down to the main confluences. Patience is profit.
In my experience, it always works its way down to the main confluences. Patience is profit.
Trade closed: stop reached:
As with other CAD pairs this week, deeper corrections than expected. Look for update next week.
