AUDCAD LONG TERM trade idea
On the 1HR AUD CAD has broken the 200MA and the Dynamic S/R created by the 50EMA.
3 touches on the MAJOR S/R gives strong indications to reverse and start to move to the upside.
If my theory is correct I will be looking to place my trade.
Entry: 0.91965
SL: 0.9155(BREAKEVEN AFTER TP1 HIT0
TP1: 0.9360(R/R 3.95)
TP2: 0.9610(R/R 9.95)
TP3: 1.01145(R/R 22.15) - THIS IS JUST BELOW 2018 HIGH (SHOOTING FOR THE MOON)
3 touches on the MAJOR S/R gives strong indications to reverse and start to move to the upside.
If my theory is correct I will be looking to place my trade.
Entry: 0.91965
SL: 0.9155(BREAKEVEN AFTER TP1 HIT0
TP1: 0.9360(R/R 3.95)
TP2: 0.9610(R/R 9.95)
TP3: 1.01145(R/R 22.15) - THIS IS JUST BELOW 2018 HIGH (SHOOTING FOR THE MOON)
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