Hi there,
A very quick post today to let you know that one lot of our EUR/CAD trade has been exited.
This follows a Kijun Sen cross at a price of 1.5766, and brought us a total of 588 pips. Our initial stop was set at a value of 1.4946 and represented 1.5% of our account size at 232 pips.
So, our risk reward here was 1:2.5 for 1.5% = A 3.75% account size gain!
Plus, we still have one extra lot riding along nicely with an exit target of a Kumo reversal.
Should the Kijun Sen re-cross with the Kumo still in our favor, I will re-enter Long with another 1.5% lot.
Happy trading all.
Cord
