LONG WITH WEEKLY PIVOT SUPPORT AND BREAK OF CTL HIGHER.

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LONG WITH WEEKLY PIVOT SUPPORT AND BREAK OF CTL HIGHER. TP 1 = 9175, TP 2 9300 FOR 200 PIPS. BREAK LOWER OF 9000 VOIDS LONG ENTRY.
Dagangan aktif
For a low risk initial entry, I entered a small lot at uptrendline support @ 9005, and will enter another buy after price breaks the previous 15 minute high @ 9021 and retraces back down to 9010/9015, forming a small bull crown at the uptrendline support. My stop is behind the low @ 9000/8990, and my target is 9300, so this is a very good risk/reward ratio trade. A third entry can be after a countertrendline on the 1 hr chart is broken, closed and retraced back to.
Dagangan ditutup: hentian tercapai
Low risk stop hit. Regular lot entry was never entered as price did not break the countertrendline.
Nota
2ND entry was triggered on break of countertrendline. Take profits at TP1 then wait for pullback to reassess.
Nota
High volatility of Iran issue spiked CAD and hit 9000 again. Out of trade.
audAUDCADaudlongCADChart PatternscountertrendlineTechnical IndicatorsstrongaudsupportTrend AnalysisWeekly Pivots

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