EURCAD inverse H&S play

٢٠ أغسطس ٢٠١٨

Looks like a solid inverse H&S here, safest way to play this, wait for the break and pullback and then go long. Like i show with the blue line.

٢١ أغسطس ٢٠١٨

تم فتح الصفقة

The neckline has already been broken, the blue zone is the entry zone. Best to scale in if your not in already.
Use the green area as a stop

٢١ أغسطس ٢٠١٨

ملاحظة

We should be in this long trade now, so far stable above the neckline, so nothing wrong everything still looking good.

٢١ أغسطس ٢٠١٨

ملاحظة

So we did a quick drop to test the neckline and it got pushed back up even more, good sign. Think if we break this yellow box, it's okay to add some to the position, but adjust the stop loss as well.

٢١ أغسطس ٢٠١٨

ملاحظة

This trade is going perfect, hope you guys have added to the position already, if not don't add anymore.
I would take profit at those 2 levels, if the second one gets hit, let the the remaining pos run and move the stop to the first 33% TP level.

٢٣ أغسطس ٢٠١٨

ملاحظة

I would move stop for the remaining pos to the yellow box now, just in case.

٢٥ أغسطس ٢٠١٨

ملاحظة

The update i posted half a day ago:

EUR/cad is also still looking good. Nothing wrong with taking another profit now instead of waiting for that second tar

٢٧ أغسطس ٢٠١٨

ملاحظة

Last target reached as well, i would take profit here with the remaining pos, at least a part of the rem pos and use a trail stop for the rest.