Didn’t hit entry point. No longer watching this trade.
No candle close below the fib line. No Trade.
The loonie made a big run from the entry point of about 95 pips. Hopefully, those who took the trade had a trailing stop and took some profit as it came 5 pips from my first target before hitting the 50 SMA and making a move back up past my initial stop recommendation.
This recommendation is currently still in the trade. Entry point was at the candle close approximately .7271. Currently up 124 pips in this trade. I still think it will move down to the bottom of the channel. I will close half of my position and set stop for the other half at .7200.