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Australian Dollar/Canadian Dollar
Long

AUDCAD - LONG

By mrrosstrader
Updated
AUDCAD

Analysis (Reason for entry):

- Previous resistance on the daily chart just got hit
- Bullish divergence between price action and RSI
- WAIT for price to brake AND close above the EMA(50)


Levels:

Stop Loss: 20 Pips below previous low
Take Profit: You can use a fix take profit or trailing stops (ex. 1R, 2R, 3R)



Wish you a great week!!!

Mr Ross Trader
Note
snapshot

- Adjusted Stop Loss to current price
- Still waiting for the price to break and close above the EMA (50)
AUDCADForexTechnical IndicatorsshortSupport and ResistanceTrend Analysis
mrrosstrader
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