Australian Dollar/Canadian Dollar

Short

Updated

Down trend continuation trade

This is a trend continuation trade. It takes into account the strength of each currency with Cad currently being stronger than aud. This is a 1 risk 2 reward trade setup. ADX has crossed into selling zone on the hourly.

Trade active

Goiing short. 3PM

Note

Stop set above 1.00390 previous high on hourly. But for a safer trade put above 1.00555 on the 4 hourly.

Trade closed: target reached

First Target reached

Note

Move stop to breakeven. Evenjoy profit if you are with me.

Trade closed: target reached

Target 2 reached. Might close trade completely

Trade closed manually

Note

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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.