Ok so I thought I would show you an example of a manual trade. Here I am trading on purely structure in the market. It will probably take the EURCAD pair some time to get where I’m trading.
Firstly I am looking for a break of the white signal line to the upside, then through 3 resistance lines, R1,R2 and R3, so whatever breaks it has to seriously break out of the bearish trend, my target 113 pips away from entry. At present it has not broken out of it’s 5 week flat range between R3 and S5 (resistance 3 and support 5).
Entry @ 1.46591, SL 1.46140, TP 1.47715 Buy Stop order
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