Saturday 21 October 2017

Missed a lot of pips at EURCAD

EURCAD in the D1 time-frame. Price was nicely bounced back from the 30 SMA in a small uptrend.

Price action created a tweezer bottom at 38.2% fib level. At the same time it also created a bullish engulfing candlestick pattern where I put a buy stop order at 50% retracement level of long bullish candle. I missed the trade for only 4 pips.

Price has almost reached my target.

Happy Trading.

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