AUDCAD long
Updated
Hi traders posting this a few days late, i took the trade at 9:29 01/03/2018 MT4 time.
Reason was continued uptrend shown by EMA's and pullback to .618 and rejection off this level. 4 hour chart which is my trading time frame shows 3 rejections on this level and i enter on second as per system.
Stop was placed at .786 retracement as stated in system rules.
Will be looking to hold until trail takes me out or i make many multiples.
Please see trade below which is opposite direction based on system and also acts as a nice hedge.
Reason was continued uptrend shown by EMA's and pullback to .618 and rejection off this level. 4 hour chart which is my trading time frame shows 3 rejections on this level and i enter on second as per system.
Stop was placed at .786 retracement as stated in system rules.
Will be looking to hold until trail takes me out or i make many multiples.
Please see trade below which is opposite direction based on system and also acts as a nice hedge.
Note
Trade continues to run, please note that isnt my TP as i stated above. We got stopped out on AUDUSD even with weaker AUD data.
Note
Trade entry
Trade closed: stop reached
trailing stop reached 1.00760Note
Sorry closed manually 1.00821 for 166.8 pips
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