AUDCAD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.98837
TP1: 0.99106 (27 pips)
TP2: 0.99400 (57 pips)
TP3: 0.99631 (80 pips)
TP4: 0.99905 (107 pips)
SL: 0.98491 (34 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.97798
TP1: 0.97542 (25 pips)
TP2: 0.97306 (49 pips)
TP3: 0.97171 (62 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.98837
TP1: 0.99106 (27 pips)
TP2: 0.99400 (57 pips)
TP3: 0.99631 (80 pips)
TP4: 0.99905 (107 pips)
SL: 0.98491 (34 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.97798
TP1: 0.97542 (25 pips)
TP2: 0.97306 (49 pips)
TP3: 0.97171 (62 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade closed: stop reached
BUYTrade closed: target reached
SELL
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.
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.