Unfortunately, last trade on CHF/JPY hit the SL, but that's trading - and today's another day!
Saw an opportunity on the USD/CAD this morning, as in the 4h-Chart, price had touched a strong support as well as a descending trendline yesterday.
Today we then had a nice trend bar forming, which confirmed a new upwards move and made me look for an entry in the smaller timeframes.
At 11:00, a Key Reversal Bar had formed on the 15m after a strong upwards move and a pullback with not much momentum, which marked my entry signal.
This trade worked out well, though I could have set my TP higher.
Good luck to everyone!
Saw an opportunity on the USD/CAD this morning, as in the 4h-Chart, price had touched a strong support as well as a descending trendline yesterday.
Today we then had a nice trend bar forming, which confirmed a new upwards move and made me look for an entry in the smaller timeframes.
At 11:00, a Key Reversal Bar had formed on the 15m after a strong upwards move and a pullback with not much momentum, which marked my entry signal.
This trade worked out well, though I could have set my TP higher.
Good luck to everyone!