Last week I posted EURCAD chart with inside bar forming.
My plan was to go Long on confirmation of High of inside bar.
but last week price stayed inside the same zone as week before.
price on friday was rejected off the lower trend line .
This is a great place to enter a LONG position with very very LOW RISK.
SL somewhere in 1.3920 - 1.3940 zone.
TP 1.4250-1.4330
100 Pips Risk vs 200 -300 pips reward.
I take it.
My plan was to go Long on confirmation of High of inside bar.
but last week price stayed inside the same zone as week before.
price on friday was rejected off the lower trend line .
This is a great place to enter a LONG position with very very LOW RISK.
SL somewhere in 1.3920 - 1.3940 zone.
TP 1.4250-1.4330
100 Pips Risk vs 200 -300 pips reward.
I take it.
