USDCAD potential tea cup. 1hr chart.

5 พ.ค. 2019

Small stop loss based off bearish wick exhaustion. According to my notes from Lisaldos seminar, he said to place the stop loss in the middle of the wick if its more than 15 and this one is ~18 pips. I went with that versus the automatic 30 pip stop loss he also suggested. Feel free to give advice as which stop loss rule to follow. I set my TP #1 as 30 pips. He suggested 20 - 35 pips for the 1hr chart.