EURCAD 5-13-07: Exit Criteria

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  • EURCAD 5-13-07: Exit Criteria

Look at the weekly chart below. The Kijun Sen/Tenkan Sen is far away from price. Sooner or later, price will equalize to price. As a result, we are going perserve our profit by changing our Stop now.
eurcad_5_13_07__weekly.png
If we look at the daily chart, we need to change our Stop to the nearest Chikou Resistance. This value is at S4. Therefore, we will set our stop at S4+5 PIP.
eurcad_5_13_07__daily_weekly.png
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