Plan 1 of February: AUDCAD swing trade: Waiting for a buy entry
Audcad is now in the weekly support zone. If you look at the weekly chart you can see the big sideway structure.
Therefore, I am waiting for a bullish signal to buy Audcad.
Click the Follow button or follow my public telegram to get an update on Entry, Stoploss, and Target.
Happy trading,
Jack Le
Therefore, I am waiting for a bullish signal to buy Audcad.
Click the Follow button or follow my public telegram to get an update on Entry, Stoploss, and Target.
Happy trading,
Jack Le
Note
A big sideway structure on the weekly timeframe.
Note
The downtrend on H1 timeframe has been broken.
Entry zone 0.887x - 0.890x
Stoploss 0.8856
Target 0.898 or higher
Note
First position: Buy Audcad 0.8898, SL 0.8856I will update again if H1 is again back to downtrend structure
Note
Unfortunately, audcad was back into the downtrend on H1 timeframe. I am out of 1/2 position at 0.8994 and waiting for more bullish signals.Note
A bullish flag is forming. I added more buying position and it should not drop below 0.889 anymore.
Note
Nice rally. Move sl to 0.8879
Note
Luckily, we pocket this upward swing of AUDCAD:)
Note
Similar to Audusd, 0.894x attracts a number of Audcad sellers. Our TP1 should be here.
Note
This swing has 87 pips in 2 days 14 hours.
How many pips did you collect?
Trade closed manually
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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.