AUDCAD SHORT
Why are we entering?
- Expecting AUD weakness and CAD strength
- We are approaching a structure level and descending trendline
- We are approaching our DAILY EMA
What are we waiting for to happen?
- Rejection of trendline & structure level
- Price to reject our DAILY EMA
- Break of possible RISK trendline
Entry
SAFE Entry: Rejection structure level, trendline & DAILY EMA & a break of our possible RISK trendline
RISK entry 1: Rejection structure level, trendline
RISK entry 2: Early break of possible RISK trendline
Once entered, where will our Stoploss be?
- Above the structure zone & trendline (above 0.923) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - First structure zone / previous low : 0.891 (290pips)
- Final TP - Channel support : 0.873 (470pips)
Why are we entering?
- Expecting AUD weakness and CAD strength
- We are approaching a structure level and descending trendline
- We are approaching our DAILY EMA
What are we waiting for to happen?
- Rejection of trendline & structure level
- Price to reject our DAILY EMA
- Break of possible RISK trendline
Entry
SAFE Entry: Rejection structure level, trendline & DAILY EMA & a break of our possible RISK trendline
RISK entry 1: Rejection structure level, trendline
RISK entry 2: Early break of possible RISK trendline
Once entered, where will our Stoploss be?
- Above the structure zone & trendline (above 0.923) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - First structure zone / previous low : 0.891 (290pips)
- Final TP - Channel support : 0.873 (470pips)
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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.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
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.