EURCAD 240M

Hello traders!

With this trade, we want to grab 40 pips between lines B and C. If you look a the
circle on the chart you can see price never reached line A, so the build up needed to
push the T2 level all the way to line C never happened. If you were in the T2 trade,
you would still be in it now cause the stop loss was not hit.
These trades can be taken with a sell stop order as a set and forget setup. There is no need to wait
for price to close, wicks excluded, below line B.
It`s recommended to position your stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.

Best,
Jay