A Classic Support & Resistance Trade

71
I'd engaged in a classic Support and resistance trade with 1 single target and observed candlestick movement on a key turning point.

Shorted AUDCAD at 0.8845 and my Initial Stop-Loss is at 0.8864(-19pips)(~190usd/lot).

Once the market hit 0.8829, I would shift stop to entry(SLE), attaining a risk-free trade.

In between I do nothing!

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.