Australian Dollar/Canadian Dollar
Long
Updated

AUDCAD [Pending Long]

127
AUDCAD [Pending Long]
Long Setup
- Reference to
AUDCAD [Long]

- Trading this cross pair can remove USD volitility factor
- During last week this pair does able to maintain stable movement
- Zone into H4 found rejection on reason developed acending trend line
- Pending order then current candle turn upside


Setup Entry#1
- Entry: 0.84476
- Stop: 0.83584
- TP1: 0.86763
- TP2: 0.89677

Setup Entry#2
- TBC
Trade active
Entry#1 filled
Note
let's move all stop to 0.84655 so have a bit profit trade. The adjustment was base on TP1 is larger than normal 1 to 1.5 reward. So I want to remove my risk. On the other hand I have AUDUSD long as well. So not to double my risk.
Trade closed: target reached
TP1 hit target
Second position stop should still at 0.84655
Trade closed: target reached
TP2 reached a home run trade

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.