AUDCAD Trend Continuation Short (4h)
We could be looking at a short play early next week on the AUDCAD 240. Still a way off reaching my target area yet, but always good to chart these up and plan for your week ahead.
We've had a few structure lows and are now waiting for a pull back to my area of interest. I'll be looking for reasons to go short in this area with two possibly targets in mind.
Entry - Some sort of reversal candle in my area of interest.
Stops - ATR based
T1 - Re-test of the lows
T2 - Trail to squeeze out as many pips as possible.
Let me know what you think below. Agree? Disagree? I'm all ears.
Thanks,
Adam
We've had a few structure lows and are now waiting for a pull back to my area of interest. I'll be looking for reasons to go short in this area with two possibly targets in mind.
Entry - Some sort of reversal candle in my area of interest.
Stops - ATR based
T1 - Re-test of the lows
T2 - Trail to squeeze out as many pips as possible.
Let me know what you think below. Agree? Disagree? I'm all ears.
Thanks,
Adam
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