jojofang0901
Short

AUDCAD INTRADAY BREAK OUT TRADE SETUP

FX_IDC:AUDCAD   AUSTRALIAN DOLLAR / CANADIAN DOLLAR
164 0 9
2 months ago
Hi everyone:

Here is my view on AUDCAD             SHORT, Any type of feedback is greatly appreciated it. Thank you

Trade: #3

Date: 11/29/2016

Time: 03:00 GMT

Forex Pair/Commodity: AUDCAD            

Position: SHORT (SELL)

Reward/Risk: 3+:1

Opportunity:

Daily: After an over extended run to the downside, price action pull up to hit 50 EMA and 0.382 fibs retracement, formed a strong doji at horizontal support and resistance of 1.0100
4 Hour: Price action can not break up the 1.0100 resistance line, now broke down the support trend line , forming a bear engulfing candle
1 Hour: After break down the support trendline , price action formed a bearish flag pattern, hit the 50 EMA and main pivot point , MACD divergence shown
5 min: Price action can not break above main pivot point and short term horizontal resistance line of 1.045

Looking to take this pair to previous strong horizontal support/resistance line @0.9920 and daily
200 EMA

Thank you for your support
2 months ago
Comment: Correction: 5 min: Price action can not break above the horizontal resistance line of 1.0045**
2 months ago
Trade closed: target reached: Date: 11/30/2016
Time: 17:00 GMT

Hit price @0.9915 for a 3% profit from a 3:1 Reward/Risk Ratio trade setup
Website: www.fxparallelworld.com
E-Mail: admin@fxparallelworld.com
Facebook: https://www.facebook.com/FXParallelWorldEducation/
Instagram: https://www.instagram.com/fxparallelworld/?hl=en
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out