Interesting to see if this correlates with more downside? To then impose a general rule of looking for the back test point, instead of the top of the parallel.
-- See USDCAD Jan 30th --
-- See USDCAD Jan 30th --
Trade closed manually
Great outcome for this one. Really happy with the improvements made, key points being both on trend trades have a much higher probability, initial failed break out from the consolidation was trade 1 and then spike was trade 2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.