AUD/CAD, DAY CHART, SHORT (24-DEC-2016)
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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.