Long on EURCAD Double bottom false break out of the channel?

22 may 2018

EURCAD broke out of the uptrend channel & formed a double bottom with a stop hunt on the 1hr time frame. this could mean a pullback to re-test the channel or resistance area 1.52479 at which TP 1 profit will be booked in. if it breaks back into the channel, we looking at 12: 1 trade where TP 2 at 1.5695 and TP3 at 1.6098 could be reached.

22 may 2018

Nota

Entry taken on the neck line break above the 1.50824 resistance area on the 1hr chart

23 may 2018

Nota

watching the 1 hr chart closely, if price break and close below the DB neckline, i will assume BEARS are in control and close the trade (as they have indicated by 1hr candle writing off 14hrs of bullish candles). so far the assumption is a re-test of the DB neckline on the 1 hr chart.

24 may 2018

Operación cerrada: precio stop alcanzado