Long USDCAD after bullish pin bar in horizontal channel
UPDATE 15/04: Got the fill yesterday, stopped out today. Result -1R.
Horizontal channel support tested with a candle that ended up as a bullish pin bar.
Long knot shows a strong demand at these levels.
Entry in the middle of the pin bar. Conservative entry to get a higher risk/reward ratio.
S/L below the lowest knot of this channel (3/2/15).
T/P close to the highs of this channel.
R/R 2.57
Horizontal channel support tested with a candle that ended up as a bullish pin bar.
Long knot shows a strong demand at these levels.
Entry in the middle of the pin bar. Conservative entry to get a higher risk/reward ratio.
S/L below the lowest knot of this channel (3/2/15).
T/P close to the highs of this channel.
R/R 2.57