Possible AUD/CAD Short position !!
Updated
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Currency Pair creating a Double Top . USD will move into consolidation towards the end of the week followed by a south movement towards the @0.956 level.
B – Beliefs
Market will be rejected at @0.964 area and move towards the first Target 1 level @ 0.956 level.
AUDCAD
Trade Management
Entered @ Still waiting for confirmation
Stop Loss @ 0.968
Target 1 @0.956
Target 2 @0.95
Risk/Reward @ 3:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Chart time frame - H4
Timeframe - 1-2 weeks
Actions on -
A – Activating Event
Currency Pair creating a Double Top . USD will move into consolidation towards the end of the week followed by a south movement towards the @0.956 level.
B – Beliefs
Market will be rejected at @0.964 area and move towards the first Target 1 level @ 0.956 level.
AUDCADTrade Management
Entered @ Still waiting for confirmation
Stop Loss @ 0.968
Target 1 @0.956
Target 2 @0.95
Risk/Reward @ 3:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Note
Pair bouncing from support and to early to drop. Will wait until pair has pushed above resistance line and consolidates before entering :)
Follow your Trading plan, Remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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