forex trading – Charts101 Trading

USD/CAD – Long Trade, Stop at Breakeven

Update:

Currently in profit by 140 PIPS. After this breakout (of the Bull Flag type formation) we moved the stop up to lock in about 80 PIPS.

Currently up 90+ PIPS

Posted on 05/04/2023 by Admin in Forex Trades

We are long, up about 40 pips. If the Daily candle is able to stay and close green, we may have a chance for a nice gain.

Hourly chart.

Here we have a long trade with a stop loss at roughly breakeven.

There are 3 separate long positions. We do have the option of manually closing part of the position complying with FIFO rules

Price may be able to run 60 PIPS or maybe 90, however that would be the most aggressive target.

We brought the stop loss into profit. This morning the trade was stopped out for 100+ PIPS profit

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