TRDVMA

An interesting Profit Taking today

FX:USDCAD   Dollar A.S. / Dollar Kanada
1
Today we made a trade with profit. I would like to share with you the setup for this trade.

For Entry:

-Trendline bounceback
-ABC Formation
-Thrust
-hitting support (green rectangle)
-price accumulation

For Exit:

-Triangle Violation
-5min trend violation
-Brent Oil breaks the resistance line
-Major Resistance (red rectangle)

At the same time we were watching constantly the oil and USD Index. It was a fairly quick in and out. For the exit, especially the simultaneous triangle and 5-min trend violation was the trigger


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