AUDCAD - Long Position Trade
Updated
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Today we are monitoring AUDCAD for a long position. It is sitting around a strong support area .
on 1HR: AUDCAD formed a three bar reversal price action in a support level which enables us to execute a long trade.
Trade call:
Long AUDCAD with risk of 2% of capital.
Price of execution: 0.90661
TP1: 0.91609
TP2: 0.92330
SL: 0.90661 -> we would get off the trade in a loss if price broke the support area with a confirmation candle.
Good luck!
The essence of investment is management of risks, not the management of returns.
~MT
_________________________________________________________________________________________________________
This is not a financial advice, nor I am a financial advisor. Trade at your own risk. Do your own research.
Today we are monitoring AUDCAD for a long position. It is sitting around a strong support area .
on 1HR: AUDCAD formed a three bar reversal price action in a support level which enables us to execute a long trade.
Trade call:
Long AUDCAD with risk of 2% of capital.
Price of execution: 0.90661
TP1: 0.91609
TP2: 0.92330
SL: 0.90661 -> we would get off the trade in a loss if price broke the support area with a confirmation candle.
Good luck!
The essence of investment is management of risks, not the management of returns.
~MT
_________________________________________________________________________________________________________
This is not a financial advice, nor I am a financial advisor. Trade at your own risk. Do your own research.
Note
Price have reached our first target.Trade closed manually
We have accumulated 111 pts on this trade. Lets not be greedy, only couple more points to reach our 2nd target. I have closed the trade.
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