Short AUDCAD - Rejection Of 1 Hour Resistance Zone
Updated
Short 
AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.
Details:
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00
4 Hour
1 Hour
30 Min
Just a newbie trader whos blown one too many accounts trying to find his way in the markets.
Would love to get feedback on my idea and analysis.
AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.Details:
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00
4 Hour
1 Hour
30 Min
Just a newbie trader whos blown one too many accounts trying to find his way in the markets.
Would love to get feedback on my idea and analysis.
Trade closed: stop reached
Trailing Stop hit @.95139 (-2 Pips) overnight.Price is still well below my initial stop but the daily candle seems to have respected support and closed bullish.
Lot Size: 10k
Opening Account Value $165.00
Closing Account Value $162.01
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.