AUD/CAD, DAY CHART, SHORT (24-DEC-2016)
Updated
Note: AUD/CAD is following what we predicted
last week and 2 weeks ago.
Overall, we are bearish on this pair.
We are looking for the price correction/pullback to
the resistance zone near 0.977 level and a bearish
signal to short with the right risk.
It will be a high R/R ratio trade :)
last week and 2 weeks ago.
Overall, we are bearish on this pair.
We are looking for the price correction/pullback to
the resistance zone near 0.977 level and a bearish
signal to short with the right risk.
It will be a high R/R ratio trade :)
Trade active
Zoom into H4 Chart, the price pullback to the support resistance line at 0.978x level and having a 2B Reversal signal.A good signal to short.
EP: 0.97540
SL: 0.99177
TP1: 0.96188
TP2: 0.94018
Trade active
The price is moving down now.This time, we will carry the trade over weekend.
So we decided to move SL to Breakeven point.
Now it is a risk free trade :)
Trade active
AUD/CAD is approaching our TP1. Remember to shift our TP1 to TP2 :)
Trade active
Now, we move our TP1 to TP2 at 0.94163Trade closed: stop reached
Hit our Breakeven Stop Loss.We look for another opportunity to entry the trade again
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