My last post was biased towards short IF the 4HR trend line was broken. This didn't happen and instead a mirning star formation has been made bouncing off the trend line, so I will be opening up a long position on USD/CAD with a TP up to the 4HR resistance level. TP @ 1.35555. SL @ 1.35000.
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Entered the trade.
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Risk/Reward: 1.75
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SL moved to breakeven. 50% of the target achieved so far.
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Target reached, a good win on the H1 chart. Would normally trade on higher timeframes, but this opportunity couldn't be missed. It always pays to check all the timeframes.