Last Thursday I wrote about a long signal in the CADCHF, at that time, it was trading in a very clear bullish condition.

When I looked at the short term charts it was trading in a clear range: which means clear S&R levels and clear swings.

So I thought it was a good idea to trade a breakout of the short term range… usually setups like this one work pretty well…

When my trade got triggered, everything was fine… it traded for a while in a very tight range pretty close to my entry level.

Then something happened…