EURCAD 5-10-07: Trade Update

Our trade is still looking good and we have not been Stopped out. The Kijun Sen is flat so this currency pair is in a consolidation state. The Kijun Sen stop is now below the entry value is this is a “risk free” trade. However, we want to preserve our profit. Therefore, our plan is now to switch the 240 timeframe and use the Kijun Sen at that timeframe once we reach the S1 level. An alert is set at the S1 level so we can adjust our Stop based on the 240 timeframe.
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About the Author Manesh Patel