USDCAD PROFIT

USDCAD PROFIT
9th February 2018 contacttf
The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

The resistance was mapped out few hours prior to my entry (3H).

I was a little late to enter.

There were a few occasions, where I thought the trade was going to get stopped out.

Trade closed manually using the 5min chart Ichimoku cloud.

CAD data is out at 13.30 GMT, so best to lock in the profit.

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