Possible AUD/CAD Short position !!

21 thg 11, 2018

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:)


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

21 thg 11, 2018

Ghi chú

Pair bouncing from support and to early to drop. Will wait until pair has pushed above resistance line and consolidates before entering :)